2112 35th Ave - Apartments FOR SALE


Oakland, CA 94601- Harrington
$1,150,000 USD
510-822-1331
2112 35th Ave, Oakland, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/18
null | 8.36% Cap Rate

2112 35th Ave
Oakland, CA 94601
Harrington


HIGHLIGHTS

  • Showing: Wednesday 7/16 from 2:00-3:00pm
  • 7-unit Apartment Complex Featuring Three 2bd/1bth Units and Four 1bd/1bth Units with Strong Current Income and Excellent Rental Upside
  • Remodeled Units with Newer Kitchens, Bathrooms, Paint, Wood Floors, Double Pane Windows, a Newer Roof, and More
  • Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
  • Attractive Location Near Lake Merritt, BART, Restaurants, Coffee Shops, and Shopping Options
  • 100% Occupied Building with Friendly, Stable Tenants

OVERVIEW

7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently, the building is 100% occupied making this a perfect investment for any buyer seeking a stable, high cash flowing building, with great upside. This is a high demand rental location near a variety of restaurants, coffee shops, and shopping options. The property is only a short drive to BART, Lake Merritt, Downtown Oakland, and San Francisco. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

8.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Showing: Wednesday 7/16 from 2:00-3:00pm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,708 SF

ZONING

R50, Oakland

APN/PARCEL ID

032-2112-002-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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