Bought with Richard Martini • Colliers International
$3,455,000
$3,480,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
6,194 SqFt
SOLD DATE : 12/23/2021
Key Details
Sold Price $3,455,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,194 sqft
Price per Sqft $557
MLS Listing ID 40965460
Sold Date 12/23/21
HOA Y/N No
Originating Board BAY EAST
Year Built 1969
Lot Size 9,350 Sqft
Property Description
Oak Terrace Apartments is an 8-unit apartment property situated on a .21AC parcel and includes a mix of all 2 bedroom/1 bath units that average +-770 SF each. Over $375k in int. and ext. capital improvements completed. Four floor plans with slight variations within each encompass the eight total units. All unit interiors have been substantially renovated and include such upgrades as new kitchen cabinets, quartz countertops, stainless steel appliances, wood flooring, bath vanities, shower/tub surrounds, raised panel interior doors and new lighting throughout. Significant exterior improvements, incl. new stucco siding, vinyl windows, new handrails and entry doors & new paint. Over $4,900 in add. annual income from RUBS. In place rents average $2,392/month. Turn-key property perfect for 1031 exchange.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet
Fireplace No
Window Features Window Coverings
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater
Laundry Common Area, Laundry Room, Laundry Equip - Leased
Building
Lot Description Irregular Lot
Water Public
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