Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland's Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate above 7.5% and an 8.76 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 asking price, 10582 Topanga Dr offers investors a compelling combination of cash flow and value in the Oakland multifamily market.
Details
| MLS # | 41148085 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 39 |
| Listing Provided By | Coldwell Banker Envision | Jatin Mehta |
Features
| Units | 4 |
|---|---|
| Acreage | 0.12 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Stucco |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94603 |
| Community Name | SOBRANTE PARK |
| Listing VS Median (in SOBRANTE PARK) | |
Price: $900,000 low | high Med: $550,000 On site: 39 low | high Med: 87 | |
Market Activity 94603
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94603 |
| Community Name | SOBRANTE PARK |
| Listing VS Median (in SOBRANTE PARK) | |
Price: $900,000 low | high Med: $550,000 On site: 39 low | high Med: 87 | |
 | $799,000128 Catron DrOakland, CA 94603 |