Bought with NON MEMBER OUT OF AREA • Bay East AOR
$1,675,000
$1,650,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
2,608 SqFt
SOLD DATE : 10/05/2021
Key Details
Sold Price $1,675,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,608 sqft
Price per Sqft $642
Subdivision Temescal
MLS Listing ID 40963747
Sold Date 10/05/21
HOA Y/N No
Originating Board Bridge AOR
Year Built 1920
Lot Size 2,872 Sqft
Property Description
Beautifully maintained vintage 1920s 4plx w/strong cash flow on border of Oakland’s Mosswood/Temescal districts. Unit mix consists of (2) 2bd/1ba units & (2) 1bd/1ba units. All 4 apartments feature spacious layouts, abundant natural light, French doors, eat-in kitchen nooks, & hardwood floors. Access to a spacious garden courtyard w/shared on-site coin-op laundry, makes this low vacancy rate complex highly desirable to tenants. The property boasts 1 vacant unit that can be immediately re-rented at market rate or occupied by owner-user. Potential for additional income from 1 un-leased off-street parking space. This property has undergone many recent capital improvements such as the installation of Hardie 50-year cement exterior siding in 2018 and a seismic retrofit w/permits in 2020. Next owner to explore banked rent increases. *Note: adjacent 4plx located at 3804 Opal St. also available for sale at $1,550,000. Owner prefers to sell together for $3,200,000 but will consider all offers.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Linoleum
Fireplace No
Window Features Screens, Window Coverings
Appliance Gas Water Heater
Laundry Coin Operated, Community Facility, Dryer, Washer, See Remarks
Exterior
Parking Type Off Street, Uncovered Parking Space, Street Parking
Building
Lot Description Level, Regular
Water Public
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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