2112 35th Ave - Apartments FOR SALE


Oakland, CA 94601
$1,150,000 USD
510-822-1331
2112 35th Ave, Oakland, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/21
null | 9.28% Cap Rate

2112 35th Ave
Oakland, CA 94601


HIGHLIGHTS

  • 7-unit Apartment Complex Featuring Three 2bd/1bth Units and Four 1bd/1bth Units with Strong Current Income and Excellent Rental Upside
  • Remodeled Units with Newer Kitchens, Bathrooms, Paint, Wood Floors, Double Pane Windows, a Newer Roof, and More
  • Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
  • Attractive Location Near Lake Merritt, BART, Restaurants, Coffee Shops, and Shopping Options
  • b One Vacant Unit - Perfect for Owner-Occupant

OVERVIEW

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 one unit vacant for showing purposes and the 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. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

9.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

35th Ave Apartments with 9.28% Cap Rate!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,708 SF

ZONING

R50, Oakland

APN/PARCEL ID

032-2112-002-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.