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.
Property Details
Price:
$1,295,000
MLS #:
41074419
Status:
Active
Baths:
0
Address:
2112 35Th Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Sep 25, 2024
State:
CA
ZIP:
94601
Lot Size:
6,708 sqft / 0.15 acres (approx)
Year Built:
1961
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Interior
Cooling
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Exterior
Parking Spots
4.00
Financial
Association Fee
0.00
Tenant Pays
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Map
Community
- Address2112 35Th Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601
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Courtesy of The Pinza Group, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2112 35Th Ave
Oakland, CA
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