368 Adams St, Oakland, CA 94610
368 Adams St, Oakland, CA 94610
368 Adams St, Oakland, CA 94610
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,295,000
Est. payment /mo
6,250 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Adams Point

MLS Listing ID 41144653

HOA Y/N No

Year Built 1925

Lot Size 6,250 Sqft

Property Sub-Type Quadruplex

Property Description

4-unit apartment complex located in Adams Point near many popular restaurants, shopping options, and outdoor activities. The unit mix offers three (3) 1bd/1bth units and one (1) studio unit with strong current income and excellent rental upside. Currently, the property is 100% leased to stable tenants providing for an opportunity for the next owner to increase rents over time for increased cash flow. The property was originally built in 1925, offers approximately 3,275 square feet of rental space, and sits on a 6,250 square foot lot with a huge backyard and room for off-street parking. The units have been recently remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, refinished wood flooring, custom tile, new paint, and more. The property is easy to manage and requires very little maintenance resulting in low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. This is a high demand Adams Point location near Lake Merritt, Grand Lake shopping, with easy access to downtown Oakland. The Adams Street area is one of the city's most established and in-demand sub-markets and is always easy to rent.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Flooring Tile, Wood

Fireplace No

Exterior

Parking Features Other

Total Parking Spaces 4

Others

Tax ID 1078919

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Listed by David Howarth The Pinza Group, Inc #01360348

NEARBY SCHOOL & BUSINESS

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