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    Address Not Available By Request

    Oakland, CA 94608
    • $2,395,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 40922728
    UPDATED: 84 min ago
    $2,395,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    14-unit multifamily property located in Oakland on the Emeryville border. The property consists of 14 studio apartments, greatly increasing the price/SF rental yield and lowering maintenance and utility expenses. The building sits above eight covered parking spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers updated units with on-site laundry and tenant storage lockers. In addition, the property offers a significant value-add component, allowing the new owner impressive upside potential upon unit turnover. Located in Oakland's Clawson neighborhood just two blocks from Emeryville. Situated near the Bay Bridge Shopping Center, the property gives tenants the convenience of Target, Starbucks Coffee, Ikea, Best Buy, and much more all within walking distance. Tenants may also indulge in the best of Bay Street's restaurants and activities including the AMC Bay Street Movie Theater, Barnes and Noble, PF Changs.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T18:43:09.16.

    www.searcheastbayrealestate.com/homes/110438662
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    Address Not Available By Request Oakland, CA 94608

    • Price: $2,395,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: 40922728
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1964
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    14-unit multifamily property located in Oakland on the Emeryville border. The property consists of 14 studio apartments, greatly increasing the price/SF rental yield and lowering maintenance and utility expenses. The building sits above eight covered parking spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers updated units with on-site laundry and tenant storage lockers. In addition, the property offers a significant value-add component, allowing the new owner impressive upside potential upon unit turnover. Located in Oakland's Clawson neighborhood just two blocks from Emeryville. Situated near the Bay Bridge Shopping Center, the property gives tenants the convenience of Target, Starbucks Coffee, Ikea, Best Buy, and much more all within walking distance. Tenants may also indulge in the best of Bay Street's restaurants and activities including the AMC Bay Street Movie Theater, Barnes and Noble, PF Changs.
    Exterior Features

    Additional Misc Features Balcony/PatioExtra StorageSecurity Building Exterior Stucco Lot Description Corner Parking Description Covered Parking Parking Spaces Total 12 Roof Unknown

    Interior Features

    All Units Have DeckPatioRefrigerator Basement None Cooling None Flooring LaminateTile Heating See Remarks Some Units Have DeckRefrigeratorUpdated BathsUpdated Kitchen

    Property Features

    Annual Expense Year 74494 Annual Gross Fee Income 231012 Annual Gross Sched Income 231012 Annual Insurance Expense 2140 Annual License Expense 1359 Annual Maintenance Exp 5600 Annual Management Expense 8618 Annual Miscellaneous Inc 0 Annual Rental Inc 231012 Annual Taxes 32782 Annual Total Oper Exp 74494 Annual Utility Expense 15050 Annual Vacancy Expense 6930 Building Type Lowrise (1-3 Flrs) City Transfer Tax Yes Disabled Features Other Energy Saving Feature None Equipment Additional NoneSecurity GateIndividual Electric MeterIndividual Gas Meter Existing Lease Terms None Financial Data Source Estimated Gross Oper Actual Inc 231012 Net Operating Income 149587 Operating Expenses Other Other Annual Expense 0 Point Of Sale Ordinance Yes Separate Meters ElectricGas Special Information None Tenant Pays ElectricGas Tot Bldg Sq Ft 4280 Total Deposits 14000 Water Sewer Sewer System - PublicWater District

    Listing courtesy of Timothy Warren of .


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T18:43:09.16.

     
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