CA > Oakland > Downtown
Oakland, CA 95607-3649,667 10th St
Oakland, CA 95607-3649,667 10th St
Oakland, CA 95607-3649,667 10th St
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,100,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 41114372

HOA Y/N No

Year Built 1909

Property Sub-Type Quadruplex

Property Description

Extra Large 4,816 square foot 4-unit apartment complex near Downtown Oakland with strong current income and excellent rental upside. The current cap rate is 5.79% and the current GRM is 11.71. The unit mix is ideal and offers one 3bd/1bth unit, two 2bd/1bth units, and one studio unit. The top-story 2bd/1bth unit will be delivered vacant by close of escrow making a perfect set-up for an owner-occupant. The property is over 4,800 square feet and separately metered for water and PG&E providing for low annual operating expenses. The building is 100% occupied with nice stable tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The units have been remodeled with newer kitchens, bathrooms, hardwood floors, custom lighting, in-unit washer dryers, a new roof, and a nice backyard area. This is a perfect opportunity for owner-user looking to occupy one or more units or an investor seeking great cash flow in a quiet neighborhood.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Flooring Wood

Fireplace No

Exterior

Parking Features Other

Others

Tax ID 22319

Read Less Info
CRMLS – RECore
Listed by David Howarth The Pinza Group, Inc
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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