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Showing: Wednesday 7/16 3:30-4:30pm. 6-unit apartment complex with excellent current income and a market-leading cap rate over 10%. The current cap rate is 10.64% and the current GRM is 6.53. The property is 100% occupied and offers an attractive unit mix of one 4bd/2bth unit, two 3bd/1bth units, two 2bd/1bth units, and one studio unit. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot, with a nice backyard area and ample parking. The property offers two mixed-use units in the front and four residential units in the back. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, 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. This is an attractive Oakland location near Mills College and a variety of restaurants and shopping options with easy access to Downtown Oakland, BART, HWY880 and HWY580.
Property Type(s):
Residential Income
| Last Updated | 7/15/2025 | Year Built | 1938 |
|---|---|---|---|
| County | Alameda |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| CONSTRUCTION | Other |
| HEAT | See Remarks |
| LOT | 9997 sq ft |
Location
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Listed with The Pinza Group, Inc
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