Description

Excellent opportunity to acquire a fully tenant-occupied five-unit property in a highly desirable and convenient North Oakland location. Generating $10,141 in monthly rental income ($121,692 annually), this income-producing property features spacious units, several of which have been extensively updated. Additional highlights include a common laundry room with existing hookups, offering the opportunity to install machines and create an additional income stream, as well as easy-care landscaping. A tenant-maintained vegetable garden is anticipated to be converted to drought-resistant landscaping. Ideally located near AC Transit and Transbay bus service, with convenient access to BART, Temescal, Rockridge, and the shopping, dining, and neighborhood amenities along Telegraph Avenue and College Avenue. Easy access to Berkeley, Emeryville, and other major Bay Area destinations. A compelling opportunity for investors seeking a fully occupied multifamily property with established rental income in a sought-after Oakland location.

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Property information

Property type

Residential Income

Year built

1966

Living area

5,024 Sq Ft

Lot size

0.13 acres

HOA fee

None

Price / Sq Ft

$259

Days on market

14

Parcel number

141191205

Features

Heating

Wall Furnace

Flooring

Hardwood · Laminate · Tile · Carpet

Laundry

Laundry Room

Lot

Corner Lot

Construction

Stone · Stucco

Sewer / Water

Public Sewer · Public