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

In-PersonVirtual Tour

Eric Boyenga

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

Listed by Willem Bos, DRE #02013980 • COMPASS

$ 1,275,000

Est. payment | -/mo

3 Beds

3 Baths

4,178 SqFt

Save

$ 1,275,000

Est. payment | -/mo

Save

3 Beds

3 Baths

4,178 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,178 sqft

Price per Sqft $305

MLS Listing ID EB41131980

Bedrooms 3

Year Built 1952

Lot Size 5,160 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

3114 Ashbrook Ct, an 8-unit multifamily property in Oakland's Fruitvale corridor offered at $1,275,000 ($159,375/unit, $305/SF) at a 6.75% current cap rate and 9.44 GRM, with a path to a 10.93% pro forma cap as in-place rents are brought to market. The unit mix consists of (6) 1x1, (1) 2x1, and (1) Studio, with current in-place monthly income of $11,034 versus $16,015 at market - a 45.1% rent upside. Five on-site garage parking spaces and on-site laundry facilities contribute to income, with additional potential from currently unrented storage units. The property sits within walking distance of Fruitvale BART (~0.9 mi) and less than one mile from both I-580 and I-880.

Location

State CA

County Alameda

Area Oakland Zip Code 94601

Interior

Heating Electric

Cooling None

Flooring Laminate

Exterior

Exterior Feature Stucco

Parking Features Attached Garage

Garage Spaces 5.0

Roof Type Composition

Others

Special Listing Condition New, Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

3114 Ashbrook Ct Oakland, CA 94601