Bought with OUT OF AREA NON MEMBER • Bay East AOR
$5,495,000
$5,495,000
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13,598 SqFt
SOLD DATE : 07/12/2021
Key Details
Sold Price $5,495,000
Property Type Commercial
Sub Type Apt Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 13,598 sqft
Price per Sqft $404
Subdivision Adams Point
MLS Listing ID 40943954
Sold Date 07/12/21
HOA Y/N No
Originating Board Bridge AOR
Year Built 1971
Lot Size 6,250 Sqft
Property Description
411 Euclid is a 13-unit multifamily building located in the heart of Oakland's Adams Point neighborhood. Built in 1971, the wood frame and stucco building consists of four stories over garage parking on the ground floor. All of the units are spacious and include two bedrooms and two bathrooms. Several of the units have been renovated to include modern finishes such as: stainless steel appliances, undermount sink, back splashes, new cabinets, wood-style flooring and adding in-unit washer and dryer. These modern finishes have proven a significant upside in rental revenue offering a new investor an estimated 65-percent increase in the net operating income. Market Cap Rate: 6.91% / Market GRM: 10.45
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Flooring Other
Fireplace No
Laundry Community Facility, Laundry Room, In Unit, Laundry Equip - Leased
Exterior
View City Lights, Lake
Building
Lot Description Level, Regular
Water Public
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