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:
Active
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
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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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Courtesy of COMPASS. 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.
740 Alcatraz Ave
Oakland, CA
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