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$ 900,000
Est. payment | /mo
5,379 Sqft Lot
$ 900,000
Est. payment | /mo
5,379 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Sobrante Park
MLS Listing ID 41148085
HOA Y/N No
Year Built 1965
Lot Size 5,379 Sqft
Property Sub-Type Quadruplex
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland's Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate above 7.5% and an 8.76 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 asking price, 10582 Topanga Dr offers investors a compelling combination of cash flow and value in the Oakland multifamily market.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling See Remarks
Flooring Wood
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 45536921
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Jatin Mehta Kite Hill Real Estate #02045713
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