$1,500,000
$1,595,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
7,701 Sqft Lot
SOLD DATE : 09/09/2024
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41050927
Sold Date 09/09/24
HOA Y/N No
Year Built 1960
Lot Size 7,701 Sqft
Property Description
10-unit apartment building with a current cap rate of 9.43% and a current GRM of 7.34. The property was built in 1960, offers approximately 8,050 square feet of rental space and sits on a 7,700 square foot lot with off-street parking spaces and a spacious backyard. The units have been remodeled over time and offer updated kitchens and bathrooms, double pane windows, wood floors, stainless steel appliances and more. The property is almost 100% occupied, easy to manage, and has friendly tenants. This is a low maintenance property and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition with little to no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is one of the best locations in East Oakland located on a tree-lined street across from Reach Academy. There are a variety of restaurants, coffee shops, schools, and parks throughout the area with easy access to HWY580 and various fo
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 9
Building
Water Other
Others
Tax ID 465478214
Financing Cash
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Bought with David Howarth • The Pinza Group, Inc