REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Jan

Sun

Jan

Mon

Jan

Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Kevin Jacky Hom • Compass

$ 849,999

Est. payment | -/mo

6 Beds

4 Baths

3,038 SqFt

Save

$ 849,999

Est. payment | -/mo

Save

6 Beds

4 Baths

3,038 SqFt

Open House

Sat Jan 17, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,038 sqft

Price per Sqft $279

MLS Listing ID BE41121191

Bedrooms 6

Year Built 1965

Lot Size 5,879 Sqft

Property Sub-Type Fourplex

Source Bay East

Property Description

Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.

Location

State CA

County Alameda

Area Oakland Zip Code 94603

Interior

Heating Wall Furnace

Cooling Air Conditioning - None

Flooring Laminate, Tile, Vinyl

Laundry None

Exterior

Exterior Feature Stucco

Parking Features Off-Street Parking, Parking Area

Garage Spaces 8.0

Building

Sewer Sewer - Public

Others

Tax ID 455-419-422

Special Listing Condition New, Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

128 Catron Dr Oakland, CA 94603