4160 Masterson St - Apartments FOR SALE


Oakland, CA 94619- Redwood Heights
$599,995 USD
415-497-0259
4160 Masterson St, Oakland, CA for Sale
$599,995 USD
Apartments - FOR SALE
1/3
null | 6.62% Cap Rate

4160 Masterson St
Oakland, CA 94619
Redwood Heights


HIGHLIGHTS

  • Two buildings on one lot
  • Vacant standalone unit in rear of property
  • Many upgrades to property including windows, paint, and roof enhacements

OVERVIEW

4160 Masterson St is a wonderful 3-unit apartment building nestled in the Dimond / Redwood Heights District. This property offers a mix of two buildings on one lot. The first building is a duplex with two tenant-occupied one (1) bedroom, one (1) bathroom units. The second building is a standalone structure with two (2) bedrooms and one (1) bathroom. This unit can be delivered vacant at the close of escrow. Recent improvements to the property include fresh exterior paint, numerous new windows, roof enhancements, and several additional upgrades throughout. 4160 Masterson Street is the perfect property for owner users and investors alike. Boasting a 6.62% CAP on day one with significant rental upside, this property is a lucrative investment for any owner. It also features two garage spaces and has separate meters for both gas and electricity. Invest with confidence in the thriving Redwood Heights community, a market poised for significant expansion.

FOR SALE DETAILS

PRICE

$599,995 USD

PRICE/SF

$256 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,998

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

030-1929-010-01

ASK ABOUT THIS PROPERTY

Matt HealyCompass CommercialMore Info
415-497-0259

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Matt HealyCompass CommercialMore Info
415-497-0259

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