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2006 38th Avenue

Oakland, CA 94601
  • $1,230,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: BE40974309
UPDATED: 148 min ago
$1,230,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,542
    SQFT
  • $347
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) Large One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.30% CAP Rate/13.58 GRM and Pro Forma CAP Rate 5.92%/12.44 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-23T23:48:06.217. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Schneider Estates, Inc.

Licensed in the State of California.
www.realestateofsantacruz.com/homes/123856569
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2006 38th Avenue Oakland, CA 94601

  • Price: $1,230,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 148 min ago
  • ID#: BE40974309
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,542
SQFT
$347
$/SQFT
1952
Built
Neighborhood:
Oakland Zip Code 94601
County:
Alameda
Area:
Oakland Zip Code 94601
Property Description
Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) Large One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.30% CAP Rate/13.58 GRM and Pro Forma CAP Rate 5.92%/12.44 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.
Exterior Features

Building Type Fourplex Garage Parking Off-Street Parking Parking Spaces 5 Roof Other Yard Grounds NoneFront Yard

Interior Features

Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 1.00 Beds Unit1 1 Beds Unit2 1 Beds Unit3 1 Beds Unit4 2 Cooling Air Conditioning - None Flooring Laminate Heating Wall Furnace Laundry Coin Operated Structure Sq Ft 3542

Property Features

Amenities None City Name Oakland Cross Street Mera St Energy Saving Features Double Pane Windows Hoa Amenities None Lot Size Area Maximum 5415.00 Property Sub Type Fourplex Rent Unit1 1850 Rent Unit2 1900 Rent Unit3 1900 Rent Unit4 1900 Sewer Septic Sewer - Public Sq Ft Source Public Records

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Theodore Wong of Compass.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-23T23:48:06.217. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Schneider Estates, Inc.

Licensed in the State of California.
 
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