29 apartments in two two-story buildings on two parcels (21 units and 8 units), built in 1949: 23 one-bedrooms, 4 two-bedrooms and 2 studios in about 32,382 SF. About 80% of units have been renovated. Seven garages and eight covered parking spaces, plus coin laundry on site, add income. Gas and electric are separately metered. Market rents run about 17% above in-place rents. In Oakland's Highland Park area by the Tuxedo and Dimond neighborhoods, across from Highland Hospital and minutes from Glenview, the Dimond District and Lake Merritt, with quick I-580 access. 7.03% current cap; 7.33% pro forma cap at market rents. 100% occupied per the rent roll.
Listing courtesy of Listing Agent: Alina Siert (alina@siertgroup.com) from Listing Office: KW Advisors.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.