Description
4-unit apartment complex located in Adams Point near many popular restaurants, shopping options, and outdoor activities. The unit mix offers three (3) 1bd/1bth units and one (1) studio unit with strong current income and excellent rental upside. Currently, the property is 100% leased to stable tenants providing for an opportunity for the next owner to increase rents over time for increased cash flow. The property was originally built in 1925, offers approximately 3,275 square feet of rental space, and sits on a 6,250 square foot lot with a huge backyard and room for off-street parking. The units have been recently remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, refinished wood flooring, custom tile, new paint, and more. The property is easy to manage and requires very little maintenance resulting in low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. This is a high demand Adams Point location near Lake Merritt, Grand Lake shopping, with easy access to downtown Oakland. The Adams Street area is one of the city’s most established and in-demand sub-markets and is always easy to rent.
Details
| MLS # | 41144653 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 9 |
| Listing Provided By | The Pinza Group, Inc | David Howarth |
Features
| Units | 4 |
|---|---|
| Acreage | 0.14 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | See Remarks |
|---|
Parking
| Parking Features | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94610 |
| Community Name | ADAMS POINT |
| Listing VS Median (in ADAMS POINT) | |
Price: $1,295,000 low | high Med: $0 On site: 9 low | high Med: | |
Market Activity 94610
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94610 |
| Community Name | ADAMS POINT |
| Listing VS Median (in ADAMS POINT) | |
Price: $1,295,000 low | high Med: $0 On site: 9 low | high Med: | |
 | $450,000176 Orange StOakland, CA 94610 |
 | $6,995,000303 Lee StOakland, CA 94610 |