Bought with Ismael Benhamida • Marcus & Millichap
$2,100,000
$2,150,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
5,020 SqFt
SOLD DATE : 06/27/2019
Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,020 sqft
Price per Sqft $418
Subdivision Laurel District
MLS Listing ID 40846798
Sold Date 06/27/19
HOA Y/N No
Originating Board Bridge AOR
Year Built 1985
Lot Size 5,000 Sqft
Property Description
No rent control!!! High Cash Flow 3285 Delaware is an attractive newer construction building in the sought-after Laurel neighborhood of Oakland. The building consists of 8 well-maintained units with a mix of 6 large 1 bedrooms and 2 – 2 bedrooms with 8 dedicated off street parking spaces. Units have similar layouts with small breakfast areas, dishwashers and garbage disposals, lots of storage, and natural sunlight coming from all sides. Two units have been extensively remodeled, with high-end finishes. The building received a new roof in 2016 and has been recently painted. There is on-site laundry and the property is separately metered for gas & electric which keeps operating costs down. Priced at over a 5% cap rate, this is a high quality cashflow investment in a quiet location above 580.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Carpet
Fireplace No
Appliance Dishwasher, Disposal, Free-Standing Range, Microwave, Refrigerator, Dryer, Washer
Laundry 220 Volt Outlet, Dryer, Washer
Exterior
View Other
Handicap Access Other
Parking Type Parking Lot, Space Per Unit - 1
Building
Lot Description Other
Water Public
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