$1,299,000
Excellent opportunity to acquire a fully tenant-occupied five-unit property in a highly desirable and convenient North Oakland location. Generating $10,141 in monthly rental income ($121,692 annually), this income-producing property features spacious units, several of which have been extensively updated. Additional highlights include a common laundry room with existing hookups, offering the opportunity to install machines and create an additional income stream, as well as easy-care landscaping. A tenant-maintained vegetable garden is anticipated to be converted to drought-resistant landscaping. Ideally located near AC Transit and Transbay bus service, with convenient access to BART, Temescal, Rockridge, and the shopping, dining, and neighborhood amenities along Telegraph Avenue and College Avenue. Easy access to Berkeley, Emeryville, and other major Bay Area destinations. A compelling opportunity for investors seeking a fully occupied multifamily property with established rental income in a sought-after Oakland location.
Listed by Michael Braillard with Corcoran Icon Properties
MLS Property Type
Residential Income
Status
Active
MLS Number
41149668
Year Built
1966
Units
5
Lot Size
5,809 sq ft
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