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4-unit apartment complex in the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 7.12% and the current GRM is 10.05. The unit mix features four large 2bd/1bth units with four off-street parking garages, four storage areas, and a large basement area perfect for an ADU. The property was originally built in 1964, offers approximately 3,460 square feet of rental space, and sits on a 9,000 square foot lot. The units have been fully remodeled with stainless-steel appliances, granite countertops, granite backsplashes, stainless steel fixtures, newer cabinets, custom lighting, custom showers, new vanities and sinks, hardwood floors, and forced air heating. The exterior and interior are in great condition with upgraded electrical, a newer roof, double pane windows, and no deferred maintenance resulting in an attractive turn-key investment. The top and bottom units on the left side will both be delivered vacant making this a perfect opportunity for owner-occupants or an investor looking to lease at max market rates. Historically, the tenants have been young professionals who have been easy to manage and always pay on-time. This is an excellent Oakland Hills location near many great schools, parks, and restaurants just east of HWY580.
Property Type(s):
Residential Income
| Last Updated | 4/26/2025 | Year Built | 1964 |
|---|---|---|---|
| County | Alameda |
Additional Details
| AIR | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | See Remarks |
| GARAGE | Garage, Yes |
| HEAT | See Remarks |
| HOA DUES | 0 |
| LOT | 9000 sq ft |
| LOT DESCRIPTION | Back Yard |
| PARKING | Garage |
| SEWER | Public Sewer |
Location
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Listed with The Pinza Group, Inc
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