2112 35Th Ave
Oakland, CA 94601
Active for $1,295,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 6,708 sqft
| MLS | 41074419 |
| Year Built | 1961 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $1,295,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,708 sqft |
| Beds | N/A |
| Baths |
Description
www.211235thave.com; 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The current cap rate is 7.18% and the current GRM is 9.46. 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, countertops, 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. Currently there are two vacant units making this perfect for an owner-occupant or an investor looking to lease at a top market rate.
Listing information courtesy of: David Howarth, The Pinza Group, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Raffi Ghookassian
REALTOR®
Direct: 818.913.5898
Email: Email Me
DRE: 02127208
DRE #01873088
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