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Charles Sheldrake

csheldrake@att.net +1(949) 939-6100

$ 1,045,000

Est. payment | -/mo

3,497 Sqft Lot

Save Virtual Tour

$ 1,045,000

Est. payment | -/mo

Save Virtual Tour

3,497 Sqft Lot

Open House

Sun Nov 15, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision West Oakland

MLS Listing ID 41152901

HOA Y/N No

Year Built 1928

Lot Size 3,497 Sqft

Property Sub-Type Quadruplex

Property Description

COMPLETELY VACANT FOURPLEX – A RARE INVESTMENT OPPORTUNITY! Here's your opportunity to take control from day one! This Fourplex is 100% Vacant, giving you the freedom and flexibility to establish market-rate rents immediately, select your own tenants, and maximize the property's income potential. Adding even more value, each unit is separately metered for water, gas, and electricity including a 5th common-area meter, allowing utility consumption to be measured and billed individually to tenants, helping reduce operating expenses and improve your bottom line. $273/SF. $261,000 per unit, (±) $120,804 estimated projected annual income, (±) 9.248% CAP Rate and (±) 8.65 GRM at $1,045,000, the numbers speak for themselves. The unit mix consists of three 1Bd/Ba units and one 2Bd/1Ba unit, with each unit is approximately (±) 955 SqFt of living space, complete with a formal dining room and separate living room. Building total 3,820 SqFt. Additional amenities include four individual garages, four private storage spaces, and a coin-operated laundry room, providing added convenience and potential supplemental income. Low-maintenance grounds, much of the property is surrounded by concrete, significantly reducing gardening expenses. You're not just buying four units. You're buying four opportunities to generate passive income, build wealth, and create a legacy.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Flooring Carpet

Fireplace No

Exterior

Parking Features Garage

Roof Type Composition

Total Parking Spaces 4

Others

Tax ID 969316

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://865-29th.com/mls

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Giuseppe Zumbo Compass #01753412

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 939-6100

csheldrake@att.net

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865 29th St Oakland, CA 94608