2300 Fruitvale Ave

Eightunit multifamily asset two buildings on a 6800 SF corner lot in Oakland offered at 18M Executable pro forma cap rate of 92 at full stabilization Two of the eight units are finished to a standard this submarket does not typically produce largeformat slate tile ductless minisplit climate control inunit LG washerdryer quartz and marble kitchens with Samsung appliances and wine refrigerator and bathrooms built to a boutiquehotel spec floortoceiling woodgrain tile frameless glass showers floating black vanities black fixtures throughout Mature Italian cypress and custom iron fencing frame the corner exterior keyfobsecured gates front and rear enclosed parking and a builtin package drop complete a presence uncommon for the asset class The remaining six units carry a documented path to increased rents 75000 refurbishment investment per unit 450000 total converting current monthly rent of 1299988 to a market monthly rent of 21510 with all units upgraded Each completed proof unit has produced a 1923 coupon return on invested capital the work is not projected it is documented and replicated See Offering Memorandum for more detail 2300 Fruitvale is Building 1 of the 6 building Excedente Portfolio that is dramatically outperforming the market in demographic landscape changing Oakland This is not a forwardlooking market story it is already on the ground Jeff Bezos Project Prometheus an AI manufacturing venture valued at 41 billion signed a 100000 SF lease at the former American Steel complex on Mandela Parkway in West Oakland Tesla signed roughly 40000 SF at the same campus days later Behring Capital separately proposed converting a downtown Oakland office tower into an AI data center anchoring a 13M SF innovation campus All three moves landed within the same twoweek span in August 2026 signed leases and active filings not proposals under review San Franciscos median twobedroom rent crossed 6000 a month for the first time in mid2026 Oaklands median sits at 2640 a 3380 monthly gap while Oakland apartment vacancy has compressed from 97 in late 2023 to 41 today The workforce priced out of San Francisco is relocating to Oakland This asset is the EXACT product the young AI workforce is looking for priced and renovated at todays Oakland numbers before either move finishes The question is whether you want to be positioned before or after the lag closes