Description
Two houses on one parcel with excellent cash flow. The current cap rate is 6.89% and the current GRM is 10.58. The unit mix is ideal and offers 4 bedrooms and 2 bathrooms in each house. The property was originally built in 1907, offers 3,044 square feet of rental space, and sits on an oversized 9,750 square foot lot with room for parking for all tenants. The property is 100% occupied with stable tenants paying market rent but will also make an amazing investment opportunity for an owner-occupant. The property is easy to manage and is separately metered for electric, gas, and water providing for low annual operating expenses. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand Oakland location near many restaurants, shopping options, parks, schools, and easy access to BART and public transportation. The property is located in a high demand location with convenient access to neighborhood restaurants, coffee shops, shopping centers, a variety of schools and BART. Public transportation is readily accessible throughout the surrounding area, with multiple AC Transit routes operating nearby. The Coliseum BART Station is nearby offering easy access to Downtown Oakland, Berkeley, San Francisco, and all major cities across the East Bay.
Details
| MLS # | 41146936 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1907 |
| Days On Site | 59 |
| Listing Provided By | The Pinza Group, Inc | David Howarth |
Features
| Units | 2 |
|---|---|
| Acreage | 0.22 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | See Remarks |
|---|
Parking
| Parking Features | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94621 |
| Community Name | EAST OAKLAND |
| Listing VS Median (in EAST OAKLAND) | |
Price: $749,000 low | high Med: $444,500 On site: 59 low | high Med: 123.5 | |
Market Activity 94621
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94621 |
| Community Name | EAST OAKLAND |
| Listing VS Median (in EAST OAKLAND) | |
Price: $749,000 low | high Med: $444,500 On site: 59 low | high Med: 123.5 | |
 | $599,0001606 82nd AveOakland, CA 94621 |