4-unit apartment complex, NO rent control, and excellent cash flow potential. 6.58% cap rate on pro forma rents. The property is split with two units in the front, a center courtyard, and two units in the rear. The unit mix consists of one 4bd/1.5bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. All units were completely remodeled in 2014 and the entire property is exempt from the Oakland rent control ordinance. All the units offer high-end kitchens and bathrooms, new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for an owner-occupant or investor who wants strong cash flow and the ability to lock-in historically low interest rates.
|Last Updated||8/14/2021||Year Built||1927|
|Community||Oakland Zip Code 94602||County||Alameda|
|Prior to Aug 7, '21||$1,849,000|
|Aug 7, '21 - Today||$1,799,000|
|AREA||Oakland Zip Code 94602|
|LOT||4356 sq ft|
|SEWER||Sewer System - Public|
|WATER||Sewer System - Public,Water - Public|
Contact us about this Property
|We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Peter Maclennan to contact you even if your name is on a Federal or State "Do not call List".|
Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 9/26/21 4:05 AM PDT.
This IDX solution is (c) Diverse Solutions 2021.