$1,175,000
$1,215,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
5,414 Sqft Lot
SOLD DATE : 03/24/2022
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40974309
Sold Date 03/24/22
HOA Y/N No
Year Built 1952
Lot Size 5,414 Sqft
Property Sub-Type Quadruplex
Property Description
Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a turnkey 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. In addition, tenants pay their own water. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.38% CAP Rate/13.41 GRM and Pro Forma CAP Rate 6.02%/12.35 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Exterior
Parking Features On Street
Total Parking Spaces 5
Building
Lot Description Front Yard
Sewer Public Sewer
Others
Tax ID 322092321
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