$830,000
$799,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
4,900 Sqft Lot
SOLD DATE : 09/13/2024
Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision West Oakland
MLS Listing ID 41066726
Sold Date 09/13/24
HOA Y/N No
Year Built 1904
Lot Size 4,900 Sqft
Property Description
Terrific investment opportunity! 1904 Victorian fourplex centrally located in West Oakland’s McClymonds neighborhood. Two story building with four leased 1BR/1BA units. The lower units have separate entrances and the upper units are accessed through a secure stairwell. Units feature hardwood floors in living areas, tiled floors in kitchens and bathrooms, updated bathrooms and kitchens with gas ranges. There are shared laundry facilities in the basement and there is gated parking for 4+ cars or potential for future development. There is a communal garden bed vibrant with tomato plants. Property generates $70k in annual rents and currently runs at ~6.0% cap rate. The property is centrally located near some of West Oakland’s finest: Spinning Dough Pizzeria, Soba Ichi, Brix Factory Brewing, Ghost Town Brewing, and Raimondi Park, home of the Oakland Ballers. Oakland’s Uptown neighborhood, anchored by the Fox and Paramount Theaters, is just a mile away. Downtown San Francisco is about a 15-minute drive.
Location
State CA
County Alameda
Interior
Heating Forced Air
Flooring Tile, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 54321
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
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Bought with Steven Peterson • INFINITY INVESTMENTS
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