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Listed by David Howarth • The Pinza Group, Inc
$1,150,000
Est. payment /mo
3 Beds
2 Baths
4,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $237
MLS Listing ID MR41087138
Bedrooms 3
Year Built 1961
Lot Size 6,708 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Showing: Thursday 4/17 at 1:00pm. 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property almost 100% leased with a current cap rate is 9.28% and the current GRM is 6.40. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Interior
Heating Wall Furnace
Cooling Other
Flooring Tile, Wood
Exterior
Parking Features Off-Site Parking
Garage Spaces 4.0
Roof Type Other
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 32-2112-2
Special Listing Condition Not Applicable
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