Oakland, CA 94608,956 Apgar St
Oakland, CA 94608,956 Apgar St
Oakland, CA 94608,956 Apgar St
Oakland, CA 94608,956 Apgar St
Oakland, CA 94608,956 Apgar St
Oakland, CA 94608,956 Apgar St
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$925,000

$929,000

0.4%
Est.Price: ?

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Est. payment /mo

5,863 Sqft Lot


SOLD DATE : 02/06/2024

Key Details

Sold Price $925,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41046623

Sold Date 02/06/24

HOA Y/N No

Year Built 1940

Lot Size 5,863 Sqft

Property Description

This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen, remodeled bathrooms, new dual paned windows, and luxury vinyl plank flooring throughout. Exterior is newly painted. New concrete wallway and drlveway and low maintainance front landscaping. Each unit is separately metered for gas and electric utilities makes for lower operating cost for owner. 4 spacious 1 bedroom/1bath units. Large lot with at least 7 off street parking spaces. The backyard has potential for placement of an ADU for additional rental income potential. Property will offer investor potential tax savings as it is located in Opportunity Zone.

Location

State CA

County Alameda

Interior

Heating Baseboard, Wall Furnace

Flooring Carpet, Laminate, Tile

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features On Street

Roof Type Shingle

Total Parking Spaces 7

Building

Lot Description Back Yard, Front Yard, Street Level

Sewer Public Sewer

Others

Tax ID 1295557

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Steven Wang • CA Golden Properties
Bought with Tina Harris • Better Homes Realty
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6 Jenner, Unit # 250, Irvine, CA, 92618

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