1640 104th Ave - Apartments FOR SALE


Oakland, CA 94603- Iveywood
$849,000 USD
510-697-1372
1640 104th Ave, Oakland, CA for Sale
$849,000 USD
Apartments - FOR SALE
1/1
null | 7.97% Cap Rate

1640 104th Ave
Oakland, CA 94603
Iveywood


HIGHLIGHTS

  • Well-maintained property
  • Rental upside: 2 units vacant and rent-ready
  • Onsite tenant coin laundry
  • Near San Leandro border and transportation
  • Tenant garage parking
  • Locked, gated tenant access from the street

OVERVIEW

1640 104th Avenue presents a unique opportunity to acquire a midcentury four-unit walkup multifamily property in East Oakland, close to the San Leandro line. Public records indicate the property was built in 1963 and contains eight bedrooms, four bathrooms, and approximately 3,553 square feet. NOTE: UNIT SQUARE FOOTAGES HEREIN ARE ESTIMATED. The property is located within a primarily residential neighborhood with access to local businesses, transportation routes and community services. Two of the four units are vacant and rent-ready. One of the vacancies is a 3BR/1+BA unit suitable for owner-occupancy. The other vacancy is a 1BR/1BA unit. The property offers investors the opportunity to increase the income stream as units are brought to market rents. Seller has owned and cared for the property for 25 years. There are four onsite garage parking spaces, plus up to four off-street driveway parking spaces. This well-maintained complex should experience reasonable repair and maintenance costs to the buyer. The units are separately metered for gas and electric. Landlord pays for master metered water. There is an onsite coin laundry facility for tenant use. There are two locking gates providing some security to unit access as well as the rear yard area. Access to occupied units granted upon accepted offer. Inspection reports available. Contact listing agent Bob Thacher (415-307-3414) for showing info and instructions.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,250

CAP RATE

7.97%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,190 SF

ZONING

RD,S-13,S-8 Combining Zon

APN/PARCEL ID

047-5509-025-00

ASK ABOUT THIS PROPERTY

Barry KleinCORCORAN ICON PROPERTIESMore Info
510-697-1372

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Barry KleinCORCORAN ICON PROPERTIESMore Info
510-697-1372

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