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Additional details
Listed by Joey Wang, DRE #01890931 • Keller Williams Realty
$1,100,000
Est. payment /mo
2 Beds
1 Bath
4,620 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $238
MLS Listing ID EB41142094
Bedrooms 2
Year Built 1961
Lot Size 8,450 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Six-Unit East Oakland Value-Add at a 7% Cap. 2529 E 27th St delivers six 2BR/1BA units near Highland Hospital and the I-580/I-880 freeways. Priced at $1,100,000 - $183K per unit, $246/SF - on $142,000 in current income. Rents sit 29% below market, with upside captured on turnover under Oakland rent rules and a path to a 10% cap at market. Twelve parking spaces, on-site storage income, and individually metered gas and electric anchor the operations. Unit 3 adds a bonus flex room. Strong cashflow now, with a clear runway to more - built for an investor ready to act.
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Zoning RM-2
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Vinyl
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco, Siding - Wood
Parking Features Parking Area, Spaces per Unit - >1
Garage Spaces 12.0
Roof Type Composition
Building
Lot Description Grade - Level
Water Heater - Gas
Others
Tax ID 26-785-5
Special Listing Condition New, Not Applicable
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