33 Home Pl E - Apartments FOR SALE


Oakland, CA 94610- Cleveland Heights
$1,375,000 USD
916-698-9954
33 Home Pl E, Oakland, CA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/23
null | 8.06% Cap Rate

33 Home Pl E
Oakland, CA 94610
Cleveland Heights


HIGHLIGHTS

  • ADU Potential with partially built out basement unit
  • High In Place Cash Flow
  • Seismic and SB-721 Compliant
  • Large units

OVERVIEW

33 Home Place East, a unique five-unit apartment complex in the heart of Oakland’s Ivy Hill Neighborhood. The property features (3) large two-bedroom units and (2) three-bedroom, one-bathroom units. This property also features a 500 sf basement below with full bath for potential ADU in the future (Buyer to do their own research) Situated near the end of a quiet cul-de-sac, tenants are offered security with easy access to the 580 freeway and local shops and restaurants. This day-one cash-flowing property offers rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a meager vacancy rate provides potential investors security and stability. The property has been seismically retrofitted and is SB-721 compliant.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

5

PRICE/UNIT

$275,000

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

023-0403-020-01

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

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