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Additional details
Listed by Ken Wu • Compass
$995,000
Est. payment /mo
3,688 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,688 sqft
Price per Sqft $269
Subdivision East Oakland
MLS Listing ID 41108990
HOA Y/N No
Year Built 1920
Lot Size 3,750 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Priced at just $142,000 per unit, the offering delivers a compelling 6.08% cap rate and 9.32 GRM. The property is comprised of two separate buildings—a five-unit structure and a duplex—enclosed by a perimeter fence, providing both privacy and security for residents. Recent capital improvements include upgraded electrical subpanels throughout, ensuring modern infrastructure and reduced future maintenance costs. Interior upgrades further enhance the property's desirability, with five of the seven units featuring updated kitchens and bathrooms that appeal to today's renter preferences. Beyond current performance, the property offers investors over 30% in rental upside, creating an opportunity to drive NOI and substantially increase value over time.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood
Fireplace No
Laundry Laundry Equip - Owned
Building
Lot Description Corner Lot
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Vicky Van Brocklin
Broker | License ID: 01512910
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