For sale 8 turn key units in Oakland, CA

Posted: 11/11/2019 2:53 pm | On HOMEiZ: 1631 days | Updated: 4 years ago | Views: 728

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1250000

Last Sold Price

$1250000

Total Lot Size

7,950.00 Sq. Ft.

Asking Price per Sq. Ft.

$244

Total Building Size Sq. Ft.

5118

Commission Split %

Contact listing agent%

Cap Rate %

5.28%

Gross Annual Income

Net Operating Income

$66000

Gross Rent Multiplier

0.00

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$15625

Property Location & Description

Listing Headline

For sale 8 turn key units in Oakland, CA

Rent control

Rent Control

Property Description

A great opportunity investor the opportunity to own a well maintained eight unit apartment building in the hot Oakland rental market. This property boasts a unit mix of seven 1bed/1bath units and one 2bed/1bath unit. The property includes newer kitchens in more than half of the units, new electrical panels, and energy efficient dual pane windows. All units are individually metered for water and PG&E allowing for low annual expenses for the new owner. The property also includes on site parking & coin operated laundry providing for additional income.

Location Description

Located in the Lower Diamond district in the lower hills of Oakland, East of Lake Merritt.

No. of Units

Price per Unit

$156250

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

610

2+1

850

APN / Parcel ID

028-0900-003-00

Zoning

R50

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1945

Overall Property Condition

Good

Highlights

Newer Kitchens, Electrical Panels, Dual Pane Windows, Individual Water Meters, On Site Parking & Laundry, and More

Seven 1bd/1bth Units and One 2bd/1bth Unit w/100% Upside

Site parking & coin operated laundry providing for additional income.

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: 2037

Sold

For Sale

$1,250,000

Listing Presented by

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2631 Pleasant Street . School , CA 94602