1317 83rd Ave, Oakland, California 94621

$1,100,000

Property Type

Residential Income

City

Oakland

Status

Active

Extra large 4-unit investment offering two separate buildings providing maximum space and cash flow. The property was originally built in 1925, offers approximately 4,941 square feet of rental space, and is spread across a 4,941 square foot lot with room for parking for all the tenants. The building is 100% occupied and the unit mix is ideal featuring four 3bd/2bth units. The units have been remodeled and offer newer kitchens and bathrooms, custom lighting and tile, wood floors, double pane windows, newer paint, and more. The building is easy to manage and separately metered for electric and gas providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a perfect opportunity for an investor to acquire a high cash flowing property in a rapidly improving neighborhood with excellent long-term potential.