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Additional details
Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$498,000
Est. payment /mo
3 Beds
3 Baths
2,732 SqFt
Open House
Thu Jun 25, 11:00am - 1:00pm
Sat Jun 27, 11:00am - 1:00pm
Sun Jun 28, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,732 sqft
Price per Sqft $182
MLS Listing ID EB41138643
Bedrooms 3
Year Built 1900
Lot Size 2,807 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
Property Description
This c. 1900 building has spent over a century on East 10th Street watching the neighborhood change around it, and right now it sits directly across from 16,000 Laney College students and nine minutes on foot from Lake Merritt BART. Four 1BD/1BA units, all individually gas-metered, with in-place income of $53,904 against an estimated market of $86,400 - a 60% gap built from three long-tenured month-to-month tenants whose rents have simply never caught up, and a fourth unit sitting vacant and available today. New roof in April 2024, refreshed interiors in several units, and owner-paid utility costs that ran $135 last year. At $498,000 - $182 per square foot, $124,500 per door - the work is priced in and the upside is waiting.
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Zoning HBX-
Interior
Heating No Heating
Cooling Air Conditioning - None
Flooring Tile, Vinyl
Exterior
Exterior Feature Siding - Wood , Wood Frame
Parking Features Detached Garage
Garage Spaces 2.0
Roof Type Composition
Building
Lot Description Grade - Level
Water Heater - Gas
Others
Tax ID 19-22-9
Special Listing Condition New, Not Applicable
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