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$849,999
Est. payment /mo
5,880 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Brookfield Villg
MLS Listing ID 41121191
HOA Y/N No
Year Built 1965
Lot Size 5,880 Sqft
Property Sub-Type Quadruplex
Property Description
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Laminate, Tile, Vinyl
Fireplace No
Exterior
Parking Features On Street
Total Parking Spaces 8
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 455419422
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
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Listed by Kevin Jacky Hom Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA