Oakland, CA 94602,3285 Delaware St
Listed by Ben Weil • COMPASS
Bought with Ismael Benhamida • Marcus & Millichap

$2,100,000

$2,150,000

2.3%
Est.Price: ?

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Est. payment /mo

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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Bay East AOR and Contra Costa AOR

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Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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