Bought with Ruty Magidish • CRH Group Inc.
$709,000
$709,000
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6,000 SqFt
SOLD DATE : 06/28/2019
Key Details
Sold Price $709,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $118
Subdivision Seminary
MLS Listing ID 40866762
Sold Date 06/28/19
HOA Y/N No
Originating Board QUATTRO San Francisco
Year Built 1918
Lot Size 3,618 Sqft
Property Description
The M|K| D Group powered by Realtysource is pleased to offer this unique four (4) unit Multifamily Investment opportunity located at 1932 Seminary Avenue in Oakland, CA. This two-story, 3,218 SF building built in 1918 on a 6,000 SF lot with a beautiful front yard is constructed of wood frame and stucco on a raised foundation. Having incredibly high upside potential, the property is comprised of an impressive unit mix of two (2) 2+2 units, one (1) 2+1, and one (1) 1+1 boasting a 41% rental upside. The property is subject to the City of Oakland’s rent control program. 1932 Seminary supplies on-site parking, as well as on-site laundry which has potential for additional income, and each unit is individually metered for PG&E. Buyer to participate in 1031 at no additional cost. 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement.
Location
State CA
County Alameda
Interior
Heating Electric
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Appliance Dishwasher, Disposal, Dryer, Washer
Laundry Coin Operated, Dryer, Laundry Room, Washer
Exterior
Parking Type Parking Lot
Building
Lot Description Regular
Water Public
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