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Listed by David Howarth • The Pinza Group, Inc
$ 1,150,000
Est. payment | /mo
4,850 SqFt
$ 1,150,000
Est. payment | /mo
4,850 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $237
MLS Listing ID 41087138
HOA Y/N No
Originating Board Bridge AOR
Year Built 1961
Lot Size 6,708 Sqft
Property Sub-Type 5 or More Units
Property Description
7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property almost 100% leased with a current cap rate is 9.28% and the current GRM is 6.40. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Other
Flooring Tile, Wood
Fireplace No
Building
Lot Description Other
Water Public
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