8079 Greenridge Dr - Apartments FOR SALE


Oakland, CA 94605- Southeast Oakland Hills
$1,350,000 USD
510-822-1331
8079 Greenridge Dr, Oakland, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/33
null | 7.12% Cap Rate

8079 Greenridge Dr
Oakland, CA 94605
Southeast Oakland Hills


HIGHLIGHTS

  • 4-Unit Apartment Complex Offering Four Large 2bd/1bth Units with Four Off-Street Parking Spaces , Four Storage Areas, and Large Basement
  • Fully Remodeled Units with Stainless-Steel Appliances, Granite Countertops, New Cabinets, Custom Lighting, Custom Showers New Vanities, Wood Flooring,
  • Low Maintenance Property Separately Metered for PG&E, with Newer Roof and Upgraded Electrical
  • Excellent Oakland Hills Location Near HWY580 with Easy Access to Downtown San Francisco and Silicon Valley
  • Entire Left Side is Vacant – Perfect for Owner Occupants

OVERVIEW

4-unit apartment complex in the Oakland Hills with strong current income and excellent rental upside. The unit mix features four large 2bd/1bth units with four off-street parking garages, four storage areas, and a large basement area perfect for an ADU. The property was originally built in 1964, offers approximately 3,460 square feet of rental space, and sits on a 9,000 square foot lot. The units have been fully remodeled with stainless-steel appliances, granite countertops, granite backsplashes, stainless steel fixtures, newer cabinets, custom lighting, custom showers, new vanities and sinks, hardwood floors, and forced air heating. The exterior and interior are in great condition with units separately metered for PG&E, upgraded electrical, a newer roof, double pane windows, and no deferred maintenance resulting in an attractive turn-key investment. Currently, the top and bottom units on the left side are both vacant making this a perfect opportunity for owner-occupants or an investor looking to lease at top market rates. Historically, the tenants have been young professionals, easy to manage, always paid on-time, with no issues. This is an high-demand Oakland Hills location east of HWY 580 with easy access to Downtown Oakland, Lake Merritt, San Francisco, Berkeley, and Silicon Valley. There are many popular restaurants and shopping options nearby making this one of the best locations in all of Oakland. ***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

7.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland Hills Fourplex with Great Views

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

040A-3457-011-00

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.