6446-6452 Colby St - Apartments FOR SALE


Oakland, CA 94618- Upper Telegraph
$2,300,000 USD
510-336-4721
6446-6452 Colby St, Oakland, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/24
null | 6.03% Cap Rate

6446-6452 Colby St
Oakland, CA 94618
Upper Telegraph


HIGHLIGHTS

  • Exceptional Rockridge 9-unit with 6.03% cap rate and 10.49 GRM
  • Nine desirable 1bd/1ba units, ideally positioned for young professionals and grad students
  • Individually metered gas and electric utilities
  • Charming 1910 construction exuding timeless charm
  • Prime location near Rockridge and Elmwood shopping, dining and entertainment
  • Walking distance to Rockridge BART and close to major freeways

OVERVIEW

Introducing 6446-6452 Colby Street, a 9-unit multifamily property located at the northern edge of the Rockridge neighborhood, bordering Berkeley's Elmwood neighborhood. This 1910 vintage building boasts 9 units, consisting of four (4) x 1-bed 1-bath units with a parlor (dining room) measuring approximately 615 Sq. ft.; four (4) x 1-bed 1-bath units of approximately 580 sq. ft. and a non-conforming cottage in the back yard. The units have been meticulously cared for over the years and have received many upgrades upon turnover including: new hardwood floors, countertops and cabinets. The entire property was upgraded to circuit breakers from fuses and also received a new foundation approximately 25 years ago. Located on a quiet street in the desirable Rockridge area, this prime location is an exceptional find for those seeking to add a valuable asset to their real estate portfolio. Located in the classic Rockridge neighborhood, a prime location for young professionals who can walk to the Rockridge BART as well as local shopping, dining and entertainment. The property enjoys close proximity to the University of California, Berkeley, and the Claremont hotel which has athletic club facilities where the Berkeley Tennis Club plays, both major draws for potential tenants. Residents can also take advantage of the thriving arts and culinary scene, as well as nearby parks and outdoor spaces, creating a desirable lifestyle for prospective tenants. With easy access to public transportation, major freeways and the bustling shops and eateries along College Avenue, this location offers an exciting investment opportunity in a dynamic and desirable community.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,490 SF

ZONING

-

APN/PARCEL ID

016-1413-041-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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