3421 68th Ave - Apartments FOR SALE


Oakland, CA 94605- Middle East Oakland
$1,895,000 USD
510-822-1331
3421 68th Ave, Oakland, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/21
null | 9.71% Cap Rate

3421 68th Ave
Oakland, CA 94605
Middle East Oakland


HIGHLIGHTS

  • 8-Unit Apartment Complex Featuring Two Buildings with Eight 3bd/1bth Townhome Units
  • Built in 1986, 100% Occupied, with Excellent Current Income and Strong Rental Upside
  • Extra Large 12,812 Square Foot Lot with Ample Room for Parking
  • Separately Metered for Electric and Gas with Low Annual Operating Expenses
  • High Demand Oakland Hills Rental Location Near Mills College and HWY 580

OVERVIEW

8-unit apartment complex offering eight 3bd/1bth townhome unit with excellent current income and strong rental upside. The property was originally built in 1986, offers approximately 6,577 square feet of rental space, and sits on an oversized 12,812 square foot lot with ample room for parking. The property is 100% occupied with stable tenants paying market rent delivering market-leading cash flow. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The units have been remodeled and offer updated kitchens and bathrooms with stainless steel appliances, granite counter tops, newer cabinets, newer vanities, new fixtures, custom lighting, and more. The exterior and interior are in great condition with very little deferred maintenance resulting in an attractive turn-key investment. This is a high-demand Oakland hills location just minutes from HWY 580, HWY 880, and HWY 13, providing excellent connectivity throughout Oakland, Berkeley, San Leandro, and the greater Bay Area. The property is close to popular restaurants, coffee shops, parks, schools, grocery stores, neighborhood markets, and retail centers making this an easy building to rent so it's typically always 100% occupied. ***EMAIL DAVID HOWARTH AT DAVID@PINZAGROUP.COM OR TEXT 510-822-1331 FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

8

PRICE/UNIT

$236,875

CAP RATE

9.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Units in Oakland Hills Built in 1986

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,811 SF

ZONING

-

APN/PARCEL ID

037A-2755-135-01

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 Notice.