27-31 Excelsior Ct - Apartments FOR SALE


Oakland, CA 94610- Cleveland Heights
$1,698,000 USD
949-929-9562
27-31 Excelsior Ct, Oakland, CA for Sale
$1,698,000 USD
Apartments - FOR SALE
1/26
null | 5.61% Cap Rate

27-31 Excelsior Ct
Oakland, CA 94610
Cleveland Heights


OVERVIEW

To access the marketing package copy/paste: https://bit.ly/kitehillre. Open House Schedule Saturday, Feb 8, 2025 | 1:00PM - 2:30PM Sunday, Feb 9, 2025 | 1:00PM - 2:30PM Saturday, Feb 15, 2025 | 1:00PM - 2:30PM Sunday, Feb 16, 2025 | 1:00PM - 2:30PM This property in Cleveland Heights offers a compelling investment opportunity with four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet. The modern amenities and generous living spaces are designed to attract high-quality tenants, making it a desirable option in a sought-after neighborhood. Each unit is spread across two stories and provides over 1,000 square feet of living space, ensuring plenty of room for tenants to enjoy comfortable living. With a total of $12,146 per month in estimated rental income, the property presents a strong cash flow for investors looking for stable returns. For those interested in owner-occupying, the building offers a unique advantage with a vacant unit available for personal use. An owner could reside in this unit while collecting over $9,000 per month from the other three units, significantly offsetting mortgage costs. This feature makes it a flexible opportunity for buyers who want to live in a prime location while benefiting from rental income. The combination of high rental demand and owner-occupy potential makes this an attractive option for both investors and homebuyers. Unique Spanish-Style Architecture: A rare and beautiful Spanish-style building located on a cul-de-sac, just a short walk from Lake Merritt, Trader Joe’s, and the popular shops and restaurants along Lakeshore and Grand Lake. - Attractive Unit Composition: This property offers four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet, designed to appeal to high-quality tenants with modern features and ample living space. - Strong Cash Flow: Generates steady income with $12,146/month in rental revenue. - Owner/Occupy Potential: One vacant unit provides an ideal opportunity for an owner-occupant to live in while collecting over $9,000/month in rental income to help offset mortgage costs. - Prime Cleveland Heights Location: Situated in the highly sought-after Cleveland Heights neighborhood, offering scenic views, residential charm, and proximity to Lake Merritt and downtown Oakland. - Spacious Units: Each two-story unit exceeds 1,000 square feet, providing generous living spaces for tenants. - Convenient Amenities: Includes four garages, off-street parking, and in-unit laundry for each unit.

FOR SALE DETAILS

PRICE

$1,698,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

4

PRICE/UNIT

$424,500

CAP RATE

5.61%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,102 SF

ZONING

-

APN/PARCEL ID

023-0418-004-01

ASK ABOUT THIS PROPERTY

Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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