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Listed by David Howarth • The Pinza Group, Inc

$1,650,000

Est. payment - /mo

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4,172 SqFt

Active

3607 Maple Ave Oakland, CA 94602

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Daniel Ripper

[email protected] +1(415) 205-6312

UPDATED:

09/26/2024 05:35 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,172 sqft

Price per Sqft $395

MLS Listing ID 41069971

HOA Y/N No

Originating Board Bridge AOR

Year Built 1927

Lot Size 4,323 Sqft

Property Description

4-unit apartment complex with solid current cash flow and excellent rental upside. The current cap rate is 6.65% and the current GRM is 11.12. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The two best units will be delivered vacant making for a perfect opportunity for an owner-occupant or investor. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and sits on a 4,323 square foot lot with a large center courtyard. All units were completely renovated in 2014 and there is no deferred maintenance creating a turn-key investment for the new owner. All the units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for any investor seeking strong cash flow in one of the most attractive locations in Oakland. This is an excellent Oakland location in the Dimond district East of HWY580 near countless restaurants, coffee shops, and shopping.

Location

State CA

County Alameda

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Exterior

Parking Type Other

Building

Lot Description Other

Water Public

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

Daniel Ripper

3607 Maple Ave Oakland, CA 94602

Daniel Ripper

Key Details

Location

Interior

Exterior

Building

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3607 Maple Ave