Bought with Lili Falsken • BCRE
$930,000
$939,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
3,696 SqFt
SOLD DATE : 05/17/2022
Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $251
MLS Listing ID 40977579
Sold Date 05/17/22
HOA Y/N No
Year Built 1965
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
PROPERTY HIGHLIGHTS • UNDER MARKET PRICING: Listed at a 6.50% CAP, under Redfin's market price projection of $994,367 – great value • Very Strong unit mix featuring (4) spacious 3BR/1BA units • Strong rent roll with an in-place 6.50% CAP Rate / 10.69 GRM • Huge upside with a market 12.72% CAP Rate / 6.41 GRM • Off-street 1:1 gated parking • Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview • Walk Score 82 (Very Walkable) • Strong Coliseum location – short walk to local retailers on International Blvd • 0.5 mile walk to Coliseum BART • Short walk to many local retailers including diners, restaurants, convenience stores, a gym and much more • Quick commute to neighboring Bay Area cities including Downtown Oakland, Berkeley, San Francisco, and other major employment hubs
Location
State CA
County Alameda
Interior
Heating None
Cooling No Air Conditioning
Flooring None
Fireplace No
Building
Lot Description None
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