4309 Rilea Way - Apartments FOR SALE


Oakland, CA 94605- Southeast Oakland Hills
$1,250,000 USD
925-430-6197
4309 Rilea Way, Oakland, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/5
null | 7.23% Cap Rate

4309 Rilea Way
Oakland, CA 94605
Southeast Oakland Hills


HIGHLIGHTS

  • three 2-bedroom, 1-bath units and one spacious vacant 3-bedroom, 2-bath unit. All units in great condition, 3/2 completely redone.
  • CAP RATE - 7.23% GRM - 9.85
  • cap rate & grm are based on the three current rents + proforma rent with the 3-bedroom, 2-bath unit.
  • 1 Vacancy

OVERVIEW

FOURPLEX IN THE OAKLAND HILLS Located in the southeast Oakland Hills, this beautiful fourplex presents a rare investment opportunity. The property features three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, all thoughtfully updated to modern standards with quality finishes, and currently rented out at near market rents. All units are in great condition. The 3-bed, 2-bath unit will be delivered vacant, completely renovated throughout, offering incredible upside potential for increased rental income or the perfect opportunity for an owner-user to occupy while generating income from the other units. Recent renovations include updates to kitchens, bathrooms, flooring, and systems throughout, ensuring low maintenance for years to come. Set in a peaceful and attractive location with easy access to parks, transportation, and popular commercial districts, this property is ideal for investors seeking a stable asset with immediate upside.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

7.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

040A-3457-046-00

ASK ABOUT THIS PROPERTY

Jacob HoggattMatthews Real Estate Investment ServicesMore Info
925-430-6197

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Jacob HoggattMatthews Real Estate Investment ServicesMore Info
925-430-6197

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