Property Detail
Description
Showing: Thursday 11/6 1:30-2:30pm. Extra Large 4,816 square foot 4-unit apartment complex near Downtown Oakland with strong current income and excellent rental upside. The current cap rate is 5.79% and the current GRM is 11.71. The unit mix is ideal and offers one 3bd/1bth unit, two 2bd/1bth units, and one studio unit. The top-story 2bd/1bth unit will be delivered vacant by close of escrow making a perfect set-up for an owner-occupant. The property is over 4,800 square feet and separately metered for water and PG&E providing for low annual operating expenses. The building is 100% occupied with nice stable tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The units have been remodeled with newer kitchens, bathrooms, hardwood floors, custom lighting, in-unit washer dryers, a new roof, and a nice backyard area. This is a perfect opportunity for owner-user looking to occupy one or more units or an investor seeking great cash flow in a quiet neighborhood.
Map Location
Listing provided courtesy of David Howarth of The Pinza Group, Inc. Last updated 2025-11-21 09:11:25.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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