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2006 38th Avenue

Oakland, CA 94601
  • $1,230,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: 40974309
UPDATED: 70 min ago
$1,230,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,542
    SQFT
  • $347
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Ratings & Info

Description

Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) Large One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.30% CAP Rate/13.58 GRM and Pro Forma CAP Rate 5.92%/12.44 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.

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Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2022-01-21T17:38:44.273.

www.tomschieberteam.com/homes/123856372
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2006 38th Avenue Oakland, CA 94601

  • Price: $1,230,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 70 min ago
  • ID#: 40974309
5
Beds
0
Baths
0
½ Baths
0.12
Acres
3,542
SQFT
$347
$/SQFT
1952
Built
Neighborhood:
Oakland
County:
Alameda
Area:
Oakland
Property Description
Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) Large One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.30% CAP Rate/13.58 GRM and Pro Forma CAP Rate 5.92%/12.44 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.
Exterior Features

Attached Garage YN No Carport YN No Exterior Features Front Yard Garage YN No Lot Size Area 0.12 Parking Features Off Street Parking Spaces Total 5

Interior Features

Basement None Building Area Total 3542 Cooling No Air Conditioning Cooling YN Yes Flooring Laminate Heating Wall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Age 70 City Transfer Tax Yes For Sale Or Rent For Sale Laundry Features Coin Operated Listing Terms Price As Is Lot Features NoneLandscape Front Point Of Sale Ordinance Yes Property Sub Type Quadruplex Special Listing Conditions Offer As Is Utilities All Public UtilitiesIndividual Electric MeterIndividual Gas Meter

Listing courtesy of Theodore Wong of Compass.


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2022-01-21T17:38:44.273.

 
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