2112 35th Ave , Oakland, CA 94601
Oakland, CA 94601
Description
www.211235thave.com; 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The current cap rate is 7.18% and the current GRM is 9.46. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, countertops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently there are two vacant units making this perfect for an owner-occupant or an investor looking to lease at a top market rate.
Details
| Mls | 41074419 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 78 |
| Listing Provided By | The Pinza Group, Inc 510-725-4775 | David Howarth |
Features
| Units | 7 |
|---|---|
| Acreage | 0.15 |
Market Activity 94601
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94601 |
| Listing VS Median (in 94601) | |
Price: $1,295,000 low | high Med: $575,000 On Site: 78 low | high Med: 94.500000 | |
