740 Alcatraz Ave

Oakland, CA 94609 $73,000.00 (-5.85%) Active for $1,175,000

Overview
Map & Location
Median Values
Schools & Score
Property History
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Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 6,000 sqft

Property Facts

MLS	41068194
Year Built	1910
Property Type
County	Alameda
Status	Active
Active	$1,175,000
Structure Size	N/A sqft
Lot Size	6,000 sqft
Beds	N/A
Baths

Description

This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.

Listing information courtesy of: Willem Bos, COMPASS 916-698-9954. *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 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.