For sale 6 turn key units in Oakland , CA

Posted: 11/11/2019 1:03 pm | On HOMEiZ: 1634 days | Updated: 4 years ago | Views: 803

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$850000

Last Sold Price

$850000

Last Sold Date

09/30/2019

Total Lot Size

4,800.00 Sq. Ft.

Asking Price per Sq. Ft.

$310

Total Building Size Sq. Ft.

2738

Commission Split %

Contact listing agent%

Cap Rate %

Gross Annual Income

Net Operating Income

Gross Rent Multiplier

0.00

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$10625

Property Location & Description

Listing Headline

For sale 6 turn key units in Oakland , CA

Rent control

Rent Control

Property Description

An fantastic opportunity for an investor to purchase six units comprised of five studios and one 2bd/1bth apartment. The units are roughly 50% below market in rents, allowing the next investor to gradually raise rents with allowed rent increases or through capital improvement pass throughs.

Location Description

Middle East Oakland sits as a collection of neighborhoods west of Interstate 580, including Havenscourt, Lockwood Gardens, Maxwell Park, Melrose, Millsmont, Oakmore, Ridgemont, and Seminary. The area features a variety of residential homes that have developed over 100 years. Mills College rests centrally to Middle East Oakland, with some students living within the area. Many residents choose Middle East Oakland for easy commuting access into downtown Oakland, Oracle Arena, and the Oakland International Airport. Middle East Oakland lies six miles southeast to downtown Oakland and 15 miles east of San Francisco.

No. of Units

Price per Unit

$141667

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

0+1 Studio

450

2+1

700

APN / Parcel ID

035-2392-027-00

Zoning

R-70

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1965

Overall Property Condition

Good

Highlights

Brand New Shopping Center with a Walgreens Anchor Less Than a Half Mile Away

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

Don't Know

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

NOT IN MLS

Listing Info

Listing ID: 2035

Sold

For Sale

$850,000

Listing Presented by

Disclimer: Any information relating to a property referenced on HOMEiZ.com comes from the listing provider who wishes to post a listing on HOMEiZ.com. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. HOMEiZ does not verify the property information submitted in HOMEiZ.com and cannot guarantee the accuracy of the information. No warranties or representations are made of any kind. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

5439 Bancroft Avenue . Fairfax Business , CA 94601