$ 1,295,000
2112 35Th Ave Oakland, CA 94601
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$ 1,295,000
Est. payment | /mo
6,708 Sqft Lot
$ 1,295,000
Est. payment | /mo
6,708 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41074419
HOA Y/N No
Year Built 1961
Lot Size 6,708 Sqft
Property 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.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 3221122
Listed by David Howarth • The Pinza Group, Inc
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Valerie Condon
Partner | Lic# 680245