Oakland, CA94605
| 0 sqft | MLS# 41095085
Tract:
For Sale $1,350,000
Description
www.8079Greenridge.com; 4-unit apartment complex in the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 7.12% and the current GRM is 10.05. The unit mix features four large 2bd/1bth units with four off-street parking garages, four storage areas, and a large basement area perfect for an ADU. The property was originally built in 1964, offers approximately 3,460 square feet of rental space, and sits on a 9,000 square foot lot. The units have been fully remodeled with stainless-steel appliances, granite countertops, granite backsplashes, stainless steel fixtures, newer cabinets, custom lighting, custom showers, new vanities and sinks, hardwood floors, and forced air heating. The exterior and interior are in great condition with upgraded electrical, a newer roof, double pane windows, and no deferred maintenance resulting in an attractive turn-key investment. The top and bottom units on the left side will both be delivered vacant making this a perfect opportunity for owner-occupants or an investor looking to lease at max market rates. Historically, the tenants have been young professionals who have been easy to manage and always pay on-time.
Facts
| Built in 1964 | Lot Size: 9000.00 sqft | HOA Dues: $0/month
Features
Listing provided by David Howarth, The Pinza Group, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of April 29, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.