993 63rd St - Apartments FOR SALE


Oakland, CA 94608
$1,650,000 USD
510-336-4721
993 63rd St, Oakland, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/17
null | 6.72% Cap Rate

993 63rd St
Oakland, CA 94608


HIGHLIGHTS

  • Ideally located along the Oakland/Emeryville border
  • Four of six units separately metered for water, gas and electric
  • Recent ADU Conversion in front duplex
  • Updated electrical service for entire property
  • Close proximity to Amtrak and Ashby BART
  • Turnkey asset - over 100K in recent Cap Ex

OVERVIEW

NAI Northern CA is excited to present this exceptional 6-Unit investment opportunity at 993 63rd Street. Centrally situated near the Oakland/Emeryville border, this property boasts 6 units consisting of one 3-bed 2-bath unit and five 2-bed 1-bath units. Recent capital investments of over 125K, including a front duplex ADU conversion, highlight the property's potential for increased value and income. With the majority of units separately metered and five fully remodeled, this property presents a turnkey opportunity for investors. Updated electrical service and close proximity to Amtrak and Ashby BART further enhance its appeal. Don't miss out on this prime asset in the desirable East Bay/Oakland area. The area surrounding the property offers a vibrant mix of attractions, including the bustling districts of Emeryville and Oakland. Enjoy close proximity to the renowned Emeryville Public Market, a hub of dining, shopping, and entertainment. Nearby, experience the eclectic charm of Temescal, known for its diverse culinary scene and artisan boutiques. With convenient access to Ashby BART and Amtrak, the location provides seamless connectivity for residents. Take advantage of the area's strong rental demand and steady appreciation potential, making it an attractive investment opportunity.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

6.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

016-1444-047-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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Grant ChappellNAI Northern CaliforniaMore Info
510-336-4721

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