1180 73Rd Ave, Oakland, CA 94621

$750,000
List Price
$750,000
Status
ACTIVE
Year Built
1947
MLS#
40861061
Lot Size
6,500
Type
Multifamily
Zip
94621
city
Oakland

Property Description

Great 4 unit investment opportunity! 6% Cap Rate on Actual Income and 8% Cap Rate on Proforma Rent! Consisting of (1)Triplex with Three 2-bedrooms/1bath Units and One 2-bedrooms/1bath SFR with basement. Big lot, Gated fence for Off-Street Parking. This property is well situated near local restaurants and shops. Property has excellent access to HWY 880 and Oakland Coliseum BART station providing great transportation options. Below Market rents and Huge Upside Rent Potential. A must-see for serious income property investors! Open House Wed 4/24/19 4pm-6pm.

Additional Information

Annual Taxes
4680
Annual Utility Expense
10800
Annual Total Oper Exp
16480
Lotdescription
Regular
Flooring
Linoleum, Carpet
Heating
Wall Furnace
Cooling
No Air Conditioning
Basement
Separate Entry
Laundry
Washer/Dryer Hookups, Other
Exterior
Stucco
Yarddescription
Back Yard
Roof
Other
Parkingdescription
Carport - 1
Parking Spaces
4
Water Sewer
Sewer System - Public, Water - Public
Total Deposits
5200
Building Type
FOURPLEX
Annual Gross Sched Income
69219
Addtlmiscfeatures
None
Annual Maintance Exp
1000
Operatingexpenses
Other
Separatemeters
Electric, Gas
Zoning
RD-2
Possession
COE
Annual Rental Inc
69219
Acres
0.15
Otherunits
Other
Terms
Cash, Conventional
Tenantpays
Cable TV, Electric, Gas
Annual Insurance Expense
1000
Net Operating Income
$69,219
Annual Expense Year
3700
Gross Oper Income Act
69219
Annual Gross Fee Income
69219
School District
Oakland (510) 879-8111

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Wang from CA Golden Properties

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