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Multi Family in Oakland, CA - Bedrooms: 8 - Bathrooms: 4 - Area: N/A - Year Built: 1962 - Lot: 5249 sqft
Listing Agent: Mark Chow Brokerage: Compass Sf
Investors and Opportunists. Selling for a 250k loss in just a few years. That is right, purchased for 1.1 need to sell bottom line is 850k need an offer now - price is final and a 7.5% cap with real numbers only. A fully occupied, cash-flowing four-unit investment in Oakland's Highland Terrace offered at a 7.04% cap rate with $62,992 in net operating income and $7,762 in monthly gross rents collected today. All four units are 2-bedroom/1-bath, currently generating $93,143 in gross scheduled rent annually. The two-story wood-frame building has been refreshed throughout renovated kitchens with quartz countertops, stained hardwood cabinetry, subway tile backsplash, and luxury vinyl plank flooring across all units. The property features a security-gated front and rear entry, private side yard, and rear surface parking lot. At $212,500 a unit and a sub-10 GRM, this type of stabilized East Bay multifamily is hard to find.
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