1515 88th Ave Oakland, CA 94621
Listing Courtesy of: bridgeMLS / The Pinza Group, Inc
$849,000
7
BED
4
BATH
2,650
SQFT

  1515 88th Ave Oakland, CA 94621

Active (18 Days)

Description

3-Unit apartment complex offering one 3bd/1bth unit and two 2bd/1bth units. 7.15% cap rate and 9.85 GRM based on current rents. All units come with garages, off-street parking, and excellent rental upside. The property was built in 1964, offers approximately 2,650 square feet of living space, and sits on a 4,640 square lot. The property is separately metered for PG&E and offers low annual operating expenses. The owner has taken great care of the property and there is no deferred maintenance resulting in a turn-key property for the next owner. The property is located on a quiet street comprised of mostly single-family homes with clear pride ownership. This is an excellent opportunity for an owner-occupant who wants live in one unit and have the other two units pay the mortgage or an investor looking to maximize their cash flow.

MLS #:
41003161
Lot Size
4,640 SQFT
Type
Multifamily
Year Built
1964
County
Alameda County
Bathroom Details
Lot Information
  • Other
Heating and Cooling
  • Other Heat
  • Other
Flooring
  • Other
Exterior Features
  • Other Skirt
  • Roof: Composition
Utility Information
  • Sewer: Sewer In Street, Water - Public
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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