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12 photos
Additional details
Listed by Grant Chappell • NAI Northern California
$3,250,000
Est. payment /mo
7,218 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,218 sqft
Price per Sqft $450
MLS Listing ID 41103228
HOA Y/N No
Year Built 1943
Lot Size 0.306 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
The subject property consists of three multifamily buildings totaling 7,218 square feet, situated on a 13,342 square foot parcel, with a total of 12 1-bedroom, 1-bathroom units. With 8 of 12 units already renovated, these spacious and sophisticated unit renovations showcase modern design and aesthetic elements, including efficient layouts, stainless steel appliance packages, and upgraded finishes throughout. Due to its desirable location, the property benefits significantly from very low vacancy, tremendous tenant demand, and premium rental rates. With strong in-place cashflow, the property can achieve both attractive financing and significant cash flow upside with additional unit turnover.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Flooring None
Fireplace No
Exterior
View None
Building
Lot Description Rectangular Lot
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Vicky Van Brocklin
Broker | License ID: 01512910
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