439 International Blvd Oakland, CA 94606
Listing Courtesy of: bridgeMLS / Winkler Real Estate Group
$1,995,000
12
BED
9
BATH
5,502
SQFT

  439 International Blvd Oakland, CA 94606

Active (97 Days)

Description

5.5% Cap Rate on Current Rents!!! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.

MLS #:
40991342
Lot Size
3,750 SQFT
Type
Multifamily
Year Built
1996
Views
Partial
County
Alameda County
Community
Oakland
Bathroom Details
Subdivision
  • Oakland
Lot Information
  • Level
Heating and Cooling
  • Forced Air 1 Zone
  • Gas
  • No Air Conditioning
Flooring
  • Laminate
  • Engineered Wood
Exterior Features
  • Dual Pane Windows
  • Lap
  • Fiber Cement
  • Siding - Cement
  • Roof: Unknown
Utility Information
  • Sewer: Sewer System - Public, Water - Public
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 25, 2022
Price Changed
$1,995,000
-13%
-300,000
May 06, 2022
Original Price
$2,295,000
-
-

Estimated Monthly Mortgage Payment

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

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Intero Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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