Description
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
Details
| MLS # | 41151050 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 7 |
| Listing Provided By | Compass | Kevin Jacky Hom |
Features
| Units | 4 |
|---|---|
| Acreage | 0.14 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Construction Materials | Stucco |
|---|---|
| Lot Features | Back Yard |
Parking
| Parking Features | On Street |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94603 |
| Community Name | BROOKFIELD VILLG |
| Listing VS Median (in BROOKFIELD VILLG) | |
Price: $799,000 low | high Med: $496,944 On site: 7 low | high Med: 624.5 | |
Market Activity 94603
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94603 |
| Community Name | BROOKFIELD VILLG |
| Listing VS Median (in BROOKFIELD VILLG) | |
Price: $799,000 low | high Med: $496,944 On site: 7 low | high Med: 624.5 | |
