$835,000
$995,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
4,159 Sqft Lot
SOLD DATE : 01/29/2024
Key Details
Sold Price $835,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41032451
Sold Date 01/29/24
HOA Y/N No
Year Built 1918
Lot Size 4,159 Sqft
Property Description
Amazing value-add opportunity in North Oakland! A fourplex in the front and a triplex in the back. Property includes 2-Studios, 3-1bd/1ba, and 2-2bd/1ba units. With 3-units delivered vacant and the potential to convert existing studios to Jr. 1-bed or 1-Bed units; a buyer can renovate and rent to achieve a stabilized 9.3% CAP and 12.8% cash on cash return. Market CAP 13.6% and 23.5% cash on cash return. A short walk to Ashby Bart and Berkeley Bowl, don't miss out on this high cash flow asset.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Composition,Shingle
Total Parking Spaces 1
Building
Lot Description Street Level
Others
Tax ID 15136426
Financing Conventional
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Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER
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