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Listed by Eli T Meyskens NOVO
$ 1,250,000
Est. payment | /mo
8 Beds
8 Baths
3,244 SqFt
$ 1,250,000
Est. payment | /mo
8 Beds
8 Baths
3,244 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,244 sqft
Price per Sqft $385
MLS Listing ID 426168542
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1889
Lot Size 4,400 Sqft
Acres 0.101
Property Sub-Type Quadruplex
Property Description
Four 2 bedroom, 2 bath units in a two-story 1889 building on a 4,400 square foot lot in West Oakland, about 0.6 miles from 19th Street BART and Uptown Oakland. Units average approximately 810 square feet. Three are leased month to month at an average of $2,416, and unit 864 is available, a natural fit for an owner-occupant or for immediate lease-up. Units are separately metered for PG&E and water, tenants pay all utilities except trash, and there is in-unit laundry. Ownership reports a full exterior repaint, appliance updates and balcony improvements. Income and expenses shown are the stabilized case with unit 864 leased at an estimated $2,650 and are broker estimates: 5.98% cap rate before vacancy at the asking price, 5.6% after a 5% vacancy allowance and taxes reassessed at the asking price. Assumptions and sources are in the Offering Memorandum, available on request. Buyer to verify all information, including square footage, zoning, permitted uses and income, in their own due diligence.
Location
State CA
County Alameda
Area Oakland Zip 94607
Zoning RM-2
Interior
Flooring Tile, Wood
Fireplace No
Appliance Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater
Exterior
Utilities Available Electricity Available, Sewer Connected
Roof Type Shingle
Building
Lot Description Curb(s), Sidewalk
Story 2
Sewer Public Sewer
Water Separate Meter, Public
Level or Stories Two
New Construction Yes
Others
Tax ID 003003101000
