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Eric Boyenga

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

Listed by Joey Wang, DRE #01890931 • Keller Williams Realty

$ 498,000

Est. payment | -/mo

3 Beds

3 Baths

2,732 SqFt

Save

$ 498,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,732 SqFt

Open House

Sat Jun 27, 11:00am - 1:00pm

Sun Jun 28, 2:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,732 sqft

Price per Sqft $182

MLS Listing ID EB41138643

Bedrooms 3

Year Built 1900

Lot Size 2,807 Sqft

Property Sub-Type Fourplex

Source Bridge MLS

Property Description

This c. 1900 building has spent over a century on East 10th Street watching the neighborhood change around it, and right now it sits directly across from 16,000 Laney College students and nine minutes on foot from Lake Merritt BART. Four 1BD/1BA units, all individually gas-metered, with in-place income of $53,904 against an estimated market of $86,400 - a 60% gap built from three long-tenured month-to-month tenants whose rents have simply never caught up, and a fourth unit sitting vacant and available today. New roof in April 2024, refreshed interiors in several units, and owner-paid utility costs that ran $135 last year. At $498,000 - $182 per square foot, $124,500 per door - the work is priced in and the upside is waiting.

Location

State CA

County Alameda

Area Oakland Zip Code 94606

Zoning HBX-

Interior

Heating No Heating

Cooling Air Conditioning - None

Flooring Tile, Vinyl

Exterior

Exterior Feature Siding - Wood , Wood Frame

Parking Features Detached Garage

Garage Spaces 2.0

Roof Type Composition

Building

Lot Description Grade - Level

Water Heater - Gas

Others

Tax ID 19-22-9

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

402 E 10Th St Oakland, CA 94606