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Listed by The Pinza Group, Inc
$ 749,000
Est. payment /mo
Active
1336 83Rd Ave Oakland, CA 94621
3,044 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $246
Subdivision East Oakland
MLS Listing ID 41146936
HOA Y/N No
Year Built 1907
Lot Size 9,750 Sqft
Property Sub-Type Duplex
Source Bridge AOR
Property Description
Two houses on one parcel with excellent cash flow. The current cap rate is 6.89% and the current GRM is 10.58. The unit mix is ideal and offers 4 bedrooms and 2 bathrooms in each house. The property was originally built in 1907, offers 3,044 square feet of rental space, and sits on an oversized 9,750 square foot lot with room for parking for all tenants. The property is 100% occupied with stable tenants paying market rent but will also make an amazing investment opportunity for an owner-occupant. The property is easy to manage and is separately metered for electric, gas, and water providing for low annual operating expenses. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand Oakland location near many restaurants, shopping options, parks, schools, and easy access to BART and public transportation. The property is located in a high demand location with convenient access to neighborhood restaurants, coffee shops, shopping centers, a variety of schools and BART. Public transportation is readily accessible throughout the surrounding area, with multiple AC Transit routes operating nearby. The Coliseum BART Station is nearby offering easy access to Downtown Oakland, Berkeley, San Francisco, and all major cities across the East Bay.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
Water Public