667 10th St - Multi-Family FOR SALE


Oakland, CA 94607- Old Oakland
$995,000 USD
510-822-1331
667 10th St, Oakland, CA for Sale
$995,000 USD
Multi-Family - FOR SALE
1/35
null | 6.4% Cap Rate

667 10th St
Oakland, CA 94607
Old Oakland


HIGHLIGHTS

  • 4-unit Apartment Complex with Strong Current Income and Excellent Rental Upside
  • Attractive Unit Mix of One 3bd/1bth Unit, Two 2bd/1bth Units, and One Studio Unit
  • Separately Metered for Water, Gas, and Electric with Low Annual Operating Expenses
  • Attractive Oakland Location Near Downtown Oakland with Easy Access to BART, San Francisco, and Berkeley
  • Vacant 2bd/1bth Unit at Closing - Perfect for Owner-Occupant

OVERVIEW

Extra Large 4,816 square foot 4-unit apartment complex near Downtown Oakland with strong current income and excellent rental upside. Seller financing is available with excellent terms! The unit mix is ideal and offers one 3bd/1bth unit, two 2bd/1bth units, and one studio unit. The top-story, 2bd/1bth unit, will be delivered vacant at close of escrow, making a perfect opportunity for an owner-occupant. The property is separately metered for water and PG&E providing for low annual operating expenses. The building is occupied with nice, professional tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The units have been remodeled with newer kitchens, bathrooms, hardwood floors, custom lighting, in-unit washer dryers, a new roof, and a nice backyard area. This is a perfect opportunity for owner-user looking to occupy one or more units or an investor seeking great cash flow on a quiet block near downtown Oakland. This is a high-demand location walking distance to all the restaurants, coffee shops, and jobs in Downtown Oakland. This location is extremely convenient and is near multiple BART stations with immediate access to HWY980, HWY880, and HWY580 providing for short commute to San Francisco, Berkeley, and other areas in Oakland. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-units w/ Seller Financing & 1 Vacant Unit

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

002-203-19

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.