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JLee Broker

[email protected] +1(650) 857-1000

Listed by Joseph Owens, DRE #01707768 • Marcus & Millichap

$1,300,000

Est. payment - /mo

1 Bed

2 Baths

4,715 SqFt

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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,715 sqft

Price per Sqft $275

MLS Listing ID EB41144736

Bedrooms 1

Year Built 1926

Lot Size 2,840 Sqft

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

Location

State CA

County Alameda

Area Oakland Zip Code 94601

Interior

Cooling Other

Flooring Vinyl

Exterior

Exterior Feature Stucco

Parking Features No Parking

Others

Tax ID 26-757-1

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2246 23Rd Ave Oakland, CA 94606

JLee Broker

Key Details

Location

Interior

Exterior

Others

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