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Additional details
Listed by Darryl Glass • Abio Properties
$748,888
Est. payment /mo
3,383 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,383 sqft
Price per Sqft $221
Subdivision Heginberger
MLS Listing ID 41118138
HOA Y/N No
Year Built 1966
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
This four unit property is ready for a new investor or, potentially, owner occupier! It currently brings in steady rental income with an 9.52% cap rate and about seventy five thousand dollars in annual gross rents. The building consists of three 2 bed 1 bath units and one 3 bed 1 bath unit, all fully occupied. That means rental income from day one of ownership. It's subject to Oakland's rent control and Just Cause ordinance, giving buyers a clear sense of how to plan long term. The Coliseum neighborhood location offers quick access to BART, freeways, and transit, which supports strong ongoing demand. It's a straightforward choice for investors who want reliable returns, but it also leaves the door open for an owner occupant willing to take on the required steps for future use. This property won't last long. Contact agent for more details!
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate, Carpet
Fireplace No
Appliance Dryer, Washer
Laundry Coin Operated, Common Area, Dryer, Laundry Room, Laundry Equip - Leased, Washer
Building
Lot Description Rectangular Lot
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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Vicky Van Brocklin
Broker | License ID: 01512910
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