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$1,150,000
Est. payment /mo
6,708 Sqft Lot
UPDATED:
02/26/2025 01:41 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41087138
HOA Y/N No
Year Built 1961
Lot Size 6,708 Sqft
Property Description
Showing: Thursday 2/27 2:00-3:00pm. 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property almost 100% leased with one unit vacant for showing purposes and the current cap rate is 9.28% and the current GRM is 6.40. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 3221122
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Listed by David Howarth • The Pinza Group, Inc