Description

Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.

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Property information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1965

Living area

3,038 Sq Ft

Lot size

0.14 acres

HOA fee

None

Price / Sq Ft

$263

Days on market

2

Parcel number

455419422

Features

Heating

Wall Furnace

Flooring

Laminate · Tile · Vinyl

Parking

Off Street · Parking Lot

Lot

Cul-De-Sac

Construction

Stucco

Sewer / Water

Public Sewer