2300
Fruitvale
Property Highlights
- ✓ Two-building corner asset with mature Italian cypress screening and custom iron perimeter fencing
- ✓ Keyfob-secured entry gates front and rear with enclosed parking between buildings
- ✓ Built-in secure package drop at the perimeter fence
- ✓ Fully upgraded units feature large-format slate tile throughout, recessed lighting, ductless mini-split climate control, and in-unit LG stacked washer/dryer
- ✓ Kitchens finished with quartz countertops and backsplash, white shaker cabinetry, Samsung stainless appliances, wine refrigerator, and dishwasher
- ✓ Bathrooms finished with floor-to-ceiling wood-grain tile, frameless glass shower enclosures, rain head fixtures, floating vanities, and designer fixtures throughout
- ✓ 6 of 8 units unimproved — represents the highest concentration of executable upside in the portfolio.
Explore 2300 Fruitvale
Exterior
Renovated Interiors
Kitchen
Bathroom
Amenities
Summary & Financial Overview
Investment Summary
2300 Fruitvale Avenue is an eight-unit multifamily asset on a corner lot in East Oakland, comprising two separate residential buildings on a 6,800 SF lot. The property is offered at $1,800,000 — a price that reflects current rent-controlled occupancy, not stabilized performance.
Six of eight units remain below market, carrying rents that average 54% of achievable. Two units have already been upgraded and are performing at or above market. The remaining six present a clear, executable value-add program: $75,000 per unit, with documented returns ranging from 15% to 23% per upgrade.
At full improvement, the property delivers a 9.2% cap rate on a total all-in cost of $2,250,000. Pro forma NOI reaches $208,037 annually — more than double current income.
This is a straightforward rent-controlled value-add with a defined path, known costs, and a proven upgrade model already tested on-site and throughout the portfolio.
Rent Summary
| Unit | Status | Type | SF | Current Rent | Market Rent | Upgrade | ROI |
|---|---|---|---|---|---|---|---|
| 2300 | Rented | 1BD | 650 | $1,108.82 | $2,595 | $75,000 | 22% |
| 2302 | Rented | 2BD | 650 | $1,352.94 | $2,995 | $75,000 | 23% |
| 2304 | Rented | 1BD | 650 | $1,105.20 | $2,595 | $75,000 | 22% |
| 2306 | Rented | 1BD | 650 | $2,595.00 | $2,595 | Upgraded | — |
| 3204 | Rented/Sec8 | 1BD | 650 | $1,540.00 | $2,595 | $75,000 | 15% |
| 3206 | Rented | 1BD | 650 | $2,363.85 | $2,595 | Upgraded | — |
| 3208 | Rented | 1BD | 650 | $1,279.80 | $2,595 | $75,000 | 19% |
| 3210 | Rented | 1BD | 650 | $1,129.67 | $2,595 | $75,000 | 22% |
| Parking A | — | — | — | $250 | $250 | — | — |
| Parking B | — | — | — | $250 | $250 | — | — |
| Parking C | — | — | — | $0 | $250 | — | — |
| Parking D | — | — | — | $250 | $250 | — | — |
| Parking E | — | — | — | $0 | $250 | — | — |
| Monthly Total | $13,225.28 | $22,010.00 | $450,000 Est. Upgrade | ||||
Property Snapshot
Expense Summary
| Real Estate Tax (1.44%) | $25,920 |
| Yearly Special Assessment Oakland | $0 |
| Yearly Rent Adjust Board Fees & Business Tax | $544 |
| Yearly Property Management Fees | $0 |
| Insurance | $4,925 |
| Water & Sewer | $10,500 |
| Waste Management | $8,000 |
| Maintenance & Repairs | $0 |
| Superintendent | $5,000 |
| Business License & Other Fees | $1,194 |
| PG&E | $0 |
| Total Annual Operating Expenses | $56,083 |
Oakland Market
Oakland's challenges are not a secret. Any investor who has spent time in the Bay Area knows the city's reputation — and some of it is earned. What is less understood is that those same conditions created the environment in which this portfolio was built. This owner did not find premium rents in Oakland because the market handed them to him. He built the product, applied the discipline, and extracted returns that the surrounding market can not explain.
And now the market is beginning to move. In August 2026, Jeff Bezos' AI startup Project Prometheus signed a lease for 100,000 square feet in West Oakland. Tesla followed with 40,000 square feet at the same campus. Behring Capital announced plans for an AI data center in downtown Oakland, anchoring a 1.3-million-square-foot innovation campus on Broadway. These are not speculative bets. These are committed capital decisions by operators who do not make casual moves.
Across the Bay, San Francisco apartment rents rose 14% in four months. The AI workforce driving that surge needs somewhere to live that is not $5,000 a month for a one-bedroom. Oakland is 20 minutes from downtown San Francisco by BART. It always has been. What is different today is the employers are now coming to Oakland.
Oakland's Director of Economic Development put it plainly: when San Francisco booms, Oakland follows. There is always a lag. The question for an investor is not whether Oakland will benefit from the AI economy reshaping the Bay Area. The question is whether you want to be positioned before that lag closes — or after.
The Excedente Portfolio is already there. The product is built. The rents are proven. The remaining upside is documented and executable. The timing has met the preparation for a golden opportunity.
Let’s Start the Conversation
Scott Piper
Disclaimer: This Offering Memorandum has been prepared for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy. Information contained herein is subject to change and may contain errors or omissions. Prospective purchasers should conduct their own independent investigation and rely solely on their own due diligence, including verification through licensed professionals, before making any purchase decision. All financial information, including current and pro forma operating income, rent projections, expense estimates, market data, and other assumptions should be independently verified.