7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property almost 100% leased with a current cap rate is 9.28% and the current GRM is 6.40. 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, granite counter tops, 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.
Property Details
Price:
$1,150,000
MLS #:
41087138
Status:
Active
Baths:
0
Address:
2112 35Th Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Feb 25, 2025
State:
CA
ZIP:
94601
Lot Size:
6,708 sqft / 0.15 acres (approx)
Year Built:
1961
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4.00
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0.00
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Community
- Address2112 35Th Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601
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2112 35Th Ave
Oakland, CA
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