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$ 1,350,000
Est. payment | /mo
8,999 Sqft Lot
$ 1,350,000
Est. payment | /mo
8,999 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41095085
HOA Y/N No
Year Built 1964
Lot Size 8,999 Sqft
Property Sub-Type Quadruplex
Property Description
4-unit apartment complex in the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 7.12% and the current GRM is 10.05. The unit mix features four large 2bd/1bth units with four off-street parking garages, four storage areas, and a large basement area perfect for an ADU. The property was originally built in 1964, offers approximately 3,460 square feet of rental space, and sits on a 9,000 square foot lot. The units have been fully remodeled with stainless-steel appliances, granite countertops, granite backsplashes, stainless steel fixtures, newer cabinets, custom lighting, custom showers, new vanities and sinks, hardwood floors, and forced air heating. The exterior and interior are in great condition with upgraded electrical, a newer roof, double pane windows, and no deferred maintenance resulting in an attractive turn-key investment. The top and bottom units on the left side will both be delivered vacant making this a perfect opportunity for owner-occupants or an investor looking to lease at max market rates. Historically, the tenants have been young professionals who have been easy to manage and always pay on-time. This is an excellent Oakland Hills location near many great schools, parks, and restaurants just east of HWY580.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Flooring Wood
Fireplace No
Exterior
Parking Features Garage
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 40A345711
Listed by David Howarth • The Pinza Group, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "