3709 San Juan St - Apartments FOR SALE


Oakland, CA 94601
$1,795,000 USD
510-822-1331
3709 San Juan St, Oakland, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/25
null | 4.93% Cap Rate

3709 San Juan St
Oakland, CA 94601


HIGHLIGHTS

  • Two Four-Unit Apartment Sale (8 Units Total) Spread Across Two Parcels with Eight 2bd/1bth Units
  • One Vacant Unit Perfect for Owner-Occupant
  • Current Rents are Over 50% Under Market Rates Providing Huge Opportunity for Rental Income Upside
  • Separately Metered for Water and PG&E Providing for Low Annual Operating Expenses
  • Stable, Easy-to-Manage Building, with Friendly Tenants
  • Ability to Purchase with 30-year Residential Financing

OVERVIEW

Two four-unit apartment sale (8 units total) spread across two parcels with excellent income upside. Each property offers four 2bd/1bth units with stable tenants that are easy to manage. Both properties were built in 1956, offer a combined 6,336 square feet of living space, and a combined 12,000 square foot lot with eight carports. Maintenance is low and the property is separately metered for water and PG&E providing for low annual operating expenses. The current rents are 50%+ under market rates, providing a huge opportunity for rental upside with tenant turnover or buyouts. At close of escrow there will be one vacant unit making this a perfect opportunity for an owner-occupant or an investor looking to lease at top market rate. The properties can be purchased separately with 30-year residential mortgages making this a safe and profitable investment. This is an attractive Fruitvale location near a variety of restaurants, coffee shops, and shopping options. The property is near BART and only a short drive to Lake Merritt, Downtown Oakland, Berkeley, and San Francisco. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

4.93%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two 4-unit Apartments with Huge Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R30, Oakland

APN/PARCEL ID

032-2086-002-03

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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

David HowarthPinza GroupMore Info
510-822-1331

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