2112 35Th Ave
Oakland, CA, 94601
$1,295,000
Beds
0 Baths
SqFt
0.15 Acres
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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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