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- #36: Strong Cap Rates & Turn-Key Investments: Oakland, Berkeley, Vista & Lees Summit Multifamily Gems
#36: Strong Cap Rates & Turn-Key Investments: Oakland, Berkeley, Vista & Lees Summit Multifamily Gems
We're showcasing a diverse range of properties with solid cash flow potential, including a 7.2% cap rate in Oakland, value-add in Berkeley, an under-market Vista deal, and a turn-key multi-family portfolio in Lees Summit!
Hello Investors,
Welcome to Dealsletter Issue #36! We’ve got a solid lineup of deals this week for both the serious investor looking for cash flow or value-add potential and those seeking steady, turn-key opportunities. From a high cap rate property in Oakland to a prime investment in Berkeley, and don’t forget about a motivated seller in Vista, CA. Finally, we’re also offering a rare turn-key portfolio in Lees Summit, MO. Let’s dive into the numbers and see which of these investments makes the most sense for your portfolio!
🏠 Share the Love: If you're enjoying the insights and deals, why not spread the word? Forward this newsletter to friends and fellow investors. Don't let them miss out on these golden opportunities!
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.15%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 5.7%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?

📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
This Weeks Deals 🏘️
Multi-Family in Oakland, CA
Property: Home Pl, 5 Units
Cap Rate: 7.2%
Multi-Family in Berkeley, CA
Property: Russel St, 5 Units
Cap Rate: 9.21%
Multi-Family in Vista, CA
Property: Santa Fe, 8 Units
Cap Rate: 5.53%
Multi-Family(PORTFOLIO) in Lees Summit, MO
Property: 7th Pl + More, Portfolio of 6 Units
Gross Income: $100,640
Multi-Family
Property: 33 Home Pl E, Oakland, CA
Price: $1,425,000
Units: 5 (3 x 2 Bed/1 Bath, 2 x 3 Bed/1 Bath)
Cap Rate: 7.20%

Why This is a Great Investment 👉🏼 This is an oversized, five-unit multifamily property located in the desirable Ivy Hill neighborhood of Oakland. It offers immediate cash flow with a 7.2% cap rate, making it a great opportunity for investors looking for solid rental income. The property’s prime location and rental upside through unit remodels offer long-term value and potential for appreciation. The property also has a large basement with a private entrance, adding more options for future development.
The Stats (25% Down) 📝
Gross Rent: $12,037/month
Total Annual Expenses: $39,425
Net Operating Income (NOI): $105,019/year
Cash Flow: Positive cash flow from day one with strong upside after tenant improvements.
Cash on Cash Return: 7.2%
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Multi Family
Property: 1614 Russell St, Berkeley, CA
Price: $1,195,000
Units: 5 (2 x 2 Bed/1 Bath, 3 x 1 Bed/1 Bath)
Cap Rate: 9.21%

Why This is a Great Investment 👉🏼 This fully vacant 5-unit property in the heart of South Berkeley is perfect for value-add investors. It includes a large lot with potential to add an ADU and is located within walking distance to Ashby BART and the vibrant Berkeley dining scene. This is one of the highest cash-flowing properties currently available in Berkeley, with significant upside once renovations are complete.
The Stats (25% Down) 📝
Gross Rent (After Renovation): $9,958/month
Total Annual Expenses: $62,738
Net Operating Income (NOI): $110,101/year
Cash Flow: Strong cash flow potential, especially with the opportunity to refinance at lower rates in the future.
Cash on Cash Return: 9.21%
Multi-Family
Property: 1135 S Santa Fe Ave, Vista, CA
Price: $1,599,000
Units: 8 (7 x 1 Bed/1 Bath, 1 x 2 Bed/1 Bath)
Cap Rate: 5.53% (Pro Forma Cap Rate: 7.68%)

Why This is a Great Investment 👉🏼 This 8-unit multifamily property located in Vista, CA, offers tremendous rent upside potential. It’s currently under-market by around 15% in rent and sits on a large lot with the ability to add additional units. The property includes private yards, ample parking, and a central courtyard that could accommodate further development.
The Stats (25% Down) 📝
Gross Rent (Pro Forma, As-Is): $13,500/month
Total Annual Expenses: $69,255
Net Operating Income (NOI): $104,849/year
Cash Flow: Strong upside potential after rent increases and renovations.
Cash on Cash Return (Pro Forma): 6.36% (with potential to increase to 9.58% after renovation)
Multi-Family(Portfolio)
Property: SE 7th Pl, Lees Summit, MO
Price: $1,123,000
Units: 6 (4 x 3 Bed/2 Bath, 2 x 2 Bed/1.5 Bath)
Gross Income: $100,640

Why This is a Great Investment 👉🏼 A perfect turn-key opportunity for investors looking to acquire a well-maintained multifamily portfolio in a high-demand neighborhood. With 95% occupancy and year-long leases in place, this six-unit property offers steady cash flow. Each unit is fully updated and includes oversized bedrooms, private decks, and attached garages. All six units are located within a quarter-mile of each other, making management straightforward.
The Stats (25% Down) 📝
Gross Rent: $8,387/month
Annual Real Estate Taxes: $11,406
Annual Owner Insurance: $6,454
Total Annual Expenses: Estimated at $17,860
Net Operating Income (NOI): $82,780
Cash Flow: High cash flow with long-term tenant stability.
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Until next time,
The Dealsletter Team
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