3675 39th Ave - Apartments FOR SALE


Oakland, CA 94619
$1,295,000 USD
510-822-1331
3675 39th Ave, Oakland, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/39
null | 7.42% Cap Rate

3675 39th Ave
Oakland, CA 94619


HIGHLIGHTS

  • 6-unit Apartment Complex Offering Six 2bd/1bth Units with Strong Current Cash Flow and Excellent Upside
  • Remodeled in 2015 with New Flooring, New Paint, New Appliances, New Cabinets, New Countertops, New Lighting, New Tile, and More
  • Low Maintenance Property with Upgraded Electrical, Plumbing, Newer Roof, and Double-Pane Windows
  • Owner-Managed with Low Annual Operating Expenses and Extra Large 9,725 SqFt Lot
  • Excellent Laurel District Location East of MacArthur Blvd. Near Many Restaurants, Coffee Shops, and Shopping Options
  • Secure Gated Parking, Onside Coin-Op Laundry and $595,000 of Assumable Debt at 3.95%

OVERVIEW

6-unit apartment complex featuring six 2bd/1bth units with strong current income and excellent rental upside. The property was originally built in 1979, offers approximately 5,340 square feet of rental space, and sits on an extra-large 9,725 square foot lot with 8 parking spaces and a nice backyard area. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. The units have been remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property has been historically managed by the owner and offers low annual operating expenses. Currently there is one vacant 2bd/1bth unit that’s perfect for an investor seeking high market rents or a possible owner-occupant. This is an excellent Laurel District location on the east side of HWY 580 on a nice residential neighborhood east of MacArthur Blvd. This location is near all the popular restaurants and shopping options and is in high demand with tenants. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE & PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

7.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Investment on 9,725 SqFt Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R50, Oakland

APN/PARCEL ID

030-1920-008-00

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.