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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. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING
Property Type(s):
Residential Income
| Last Updated | 2/25/2025 | Year Built | 1961 |
|---|---|---|---|
| County | Alameda |
Additional Details
| AIR | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Other |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 6708 sq ft |
Location
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Listed with The Pinza Group, Inc
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