314-324 105th Ave - Apartments FOR SALE


Oakland, CA 94603
$8,500,000 USD
925-932-2450
314-324 105th Ave, Oakland, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/35
null | 6.2% Cap Rate

314-324 105th Ave
Oakland, CA 94603


HIGHLIGHTS

  • near all shops and store
  • great busy area

OVERVIEW

Over $520,000 income For Prime 49-unit Apartment Complex in Oakland, CA! This well-maintained 49-unit apartment complex at 314-324 105th Ave, Oakland, CA 94603, is a prime investment opportunity with an impressive annual income of $520,000. The property consists of 21 one-bedroom, one-bath units (approximately 560 sq ft each) and 28 two-bedroom, two-bath units (approximately 799 sq ft each). With a 98% occupancy rate and a waiting list, this complex is a cash cow money-maker with substantial room for rental income growth as tenants vacate and rents are increased, offering a promising future for your investment. The owner is highly motivated to sell and offers an assumable loan of approximately $4,500,000 at a low interest rate, making this an even more attractive deal. This apartment complex promises a stable and lucrative income stream, with its mix of unit types catering to a diverse tenant base, enhancing its rental prospects. The property is priced to sell and represents an excellent opportunity to invest in the thriving Oakland rental market. Asking price $8,400,000 For more information or to schedule a viewing, contact agent Matt Sadati at 925-932-2450 or his co-worker Tamana at 510-414-6023. This exceptional investment opportunity will not be missed, so act now!!!

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

49

PRICE/UNIT

$173,469

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

RD1

APN/PARCEL ID

045-5369-011-03

ASK ABOUT THIS PROPERTY

Matt SadatiLiberty Business Advisors of San Francisco Inc.More Info
925-932-2450

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Matt SadatiLiberty Business Advisors of San Francisco Inc.More Info
925-932-2450

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