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Presenting a 6-unit residential building located at 1541 50th Ave, Oakland. This property has been retrofitted and features six 2-bedroom, 1-bath units, offering a total building area of 3,030 square feet. Each unit provides one parking space, ideal for long-term tenants. The property has demonstrated consistent rental income, with no vacancies in the last 10 years, making it a stable investment. Current monthly rental income totals $6,385, supplemented by an additional $300 from storage units and approx. $100 from on-site laundry facilities. This brings the total monthly income to $6,735. This property is in close proximity to schools, parks, public transportation, and major freeways, providing easy access to all that the Bay Area has to offer. With its strong tenant history, excellent location, and potential for value-add improvements, 1541 50th Ave is a perfect opportunity for investors seeking long-term returns in the competitive Oakland rental market. Don’t miss this chance to own a prime income-generating property with steady cash flow.
Last Updated | 10/9/2024 | Year Built | 1961 |
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County | Alameda |
Additional Details
AIR | None |
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AIR CONDITIONING | Yes |
APPLIANCES | Dryer, Washer |
CONSTRUCTION | Stucco |
HOA DUES | 0 |
LOT | 6250 sq ft |
Location
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