This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 – studios, 1 – one bedroom, 1 – spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Property Details
Price:
$1,175,000
MLS #:
41068194
Status:
Pending
Baths:
0
Address:
740 Alcatraz Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Jul 30, 2024
State:
CA
ZIP:
94609
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
1910
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Schools
Interior
Cooling
See Remarks
Heating
See Remarks
Exterior
Parking Spots
8.00
Water Source
Other
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address740 Alcatraz Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94609
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740 Alcatraz Ave
Oakland, CA
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