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Additional details
Listed by Leo Zhang, DRE #02024974 • RE/MAX Accord
$938,000
Est. payment /mo
14 Beds
6 Baths
3,981 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,981 sqft
Price per Sqft $235
MLS Listing ID BE41141385
Bedrooms 14
Year Built 1898
Lot Size 7,000 Sqft
Property Sub-Type Fourplex
Source Bay East
Property Description
A rare and compelling income-producing opportunity in the heart of Oakland - this well-maintained 4-unit multifamily building offers 3,981 square feet of living space on a 7,000 square foot lot, delivering strong day-one cash flow with significant long-term upside. Currently generating $7,830 in monthly gross rental income with a cap rate exceeding 8%, the numbers speak for themselves - this is one of Oakland's most attractive investment opportunities to hit the market in recent memory. The property features a desirable mix of spacious units with coin laundry on-site, providing additional income and convenience for tenants. The generous 7,000 square foot lot also presents an exceptional ADU development opportunity - adding a unit would further increase rental income and drive long-term asset appreciation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant seeking to live in one unit while the others pay your mortgage, this versatile asset offers a strategy for every type of buyer. Ideally situated in the vibrant Highland Terrace neighborhood of Oakland, the property enjoys outstanding walkability and unbeatable access to Fruitvale BART Station, Lake Merritt, Laney College, Highland Hospital, I-880 and I-580 freeways, Oakland International Air
Location
State CA
County Alameda
Area Oakland Zip Code 94606
Interior
Heating Wall Furnace
Cooling Air Conditioning - None
Flooring Laminate, Concrete
Exterior
Exterior Feature Siding - Wood
Parking Features Detached Garage, Parking Area
Garage Spaces 8.0
Roof Type Other
Building
Lot Description Regular
Water Heater - Gas
Others
Tax ID 22-296-31
Special Listing Condition New, Not Applicable
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