3314 Farnam St - Apartments FOR SALE


Oakland, CA 94601- Fruitvale
$795,000 USD
510-255-2248
3314 Farnam St, Oakland, CA for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

3314 Farnam St
Oakland, CA 94601
Fruitvale


HIGHLIGHTS

  • Fourplex + 3 Storage Units (Potential for Additional Income and/or ADU Conversion)
  • (1) Two Bedroom Two Bathroom Unit | (3) Two Bedroom One Bathroom Units
  • Individually Metered for Gas and Electric
  • Secure Entrances | Tenant Common Area
  • Located in Oakland's Desirable Fruitvale District
  • Quick access to Major Bay Area Transportation Arteries, Directly Connecting it to San Francisco, the East Bay, the North Bay, and the Silicon Valley.

OVERVIEW

Qualified investors are extended the opportunity to acquire 3314 Farnam Street located in Oakland, CA. This well-maintained apartment community of 4 units was built in 1923 and includes 1 large two bedroom / two bathroom unit and 3 two bedroom one bathroom units. Each unit is individually metered for gas and electric. Tenants enjoy secure gated access and a common area backyard. 3314 Farnam offers investors the opportunity to increase cash flow through potential conversion of the 3 storage units into ADU's, capital expenditure pass throughs and rent increases. Buyer shall be responsible for verifying unit determination. Disclosures: https://app.disclosures.io/link/3314-Farnam-Street-pwi5bsm2 Virtual Tour: • Unit 8: https://my.matterport.com/show/?m=bvQCxMFHBCD Open House Schedules: • Thursday, August 28th, between 11:30 am to 12:30 pm • Wednesday, September 3rd, between 11:30 am to 12:30 pm • Friday, September 5th, between 11:30 am to 12:30 pm OFFERS Due: Offers will be reviewed upon receipt. Submit Offers Here: https://app.disclosures.io/link/3314-Farnam-Street-pwi5bsm2

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

4

PRICE/UNIT

$198,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 UNITS + 3 STORAGE SPACES W/ ADU POTENTIAL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

-

APN/PARCEL ID

033-2122-014-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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