1317 83rd Ave - Apartments FOR SALE


Oakland, CA 94621- Woodland
$1,100,000 USD
510-822-1331
1317 83rd Ave, Oakland, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/17
null | 10.52% Cap Rate

1317 83rd Ave
Oakland, CA 94621
Woodland


HIGHLIGHTS

  • 4-units Spread Across Two Two-Unit Buildings Providing Maximum Space and Flexibility
  • Excellent Unit Mix Featuring Four 3bd/2bth Units Offering Market Leading Cash Flow
  • Separately Metered for Electric and Gas Providing for Low Annual Operating Expenses
  • One Vacant 3bd/2bth Unit - Perfect for Owner Occupants
  • High Demand Rental Location Near Many Restaurants, Shopping Centers, and BART Stations

OVERVIEW

Extra Large 4-unit investment spread across two separate buildings providing maximum space and cash flow. The property was originally built in 1925, offers approximately 4,941 square feet of rental space, on a 4,941 square foot lot, with room for off-street parking for all the tenants. The unit mix is ideal and features four 3bd/2bth units with one unit delivered vacant at close of escrow. The units have been remodeled and offer newer kitchens and bathrooms, custom lighting and tile, wood floors, double pane windows, newer paint, and more. The building is fully occupied except for one 3bd/2bth unit that is being kept vacant for a possible owner-occupant. The building is easy to manage and separately metered for electric and gas providing for low annual operating expenses. This is a high demand rental location only a few blocks to many different restaurants, coffee shops, neighborhood markets, and a variety of shopping centers. The location offers strong regional connectivity with convenient access to HWY 880 and HWY 580, providing direct routes to Downtown Oakland, Alameda, San Leandro, Berkeley, and employment centers throughout the greater Bay Area. The Coliseum BART station is only a short drive and offers connections throughout the East Bay, San Francisco, and the broader BART system. ****CONTACT DAVID HOWARTH BY EMAIL AT DAVID@PINZAGROUP.COM OR TEXT AT 510-822-1331 FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

10.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four 3bd/2bth Units with 9.74% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,364 SF

ZONING

R-30, Oakland

APN/PARCEL ID

042-4249-014-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.