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Additional details
Listed by Kevin Jacky Hom • Compass
$849,999
Est. payment /mo
6 Beds
4 Baths
3,038 SqFt
Open House
Sat Jan 17, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,038 sqft
Price per Sqft $279
MLS Listing ID BE41121191
Bedrooms 6
Year Built 1965
Lot Size 5,879 Sqft
Property Sub-Type Fourplex
Source Bay East
Property Description
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
Location
State CA
County Alameda
Area Oakland Zip Code 94603
Interior
Heating Wall Furnace
Cooling Air Conditioning - None
Flooring Laminate, Tile, Vinyl
Laundry None
Exterior
Exterior Feature Stucco
Parking Features Off-Street Parking, Parking Area
Garage Spaces 8.0
Building
Sewer Sewer - Public
Others
Tax ID 455-419-422
Special Listing Condition New, Not Applicable
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