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Sold almost 8 years ago

$1,100,000

8+ bd 4+ ba 2860 sqft

Oakland, CA 94606

Residential Quadplex Occupied

Current Rent **

$8,025

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $2,100
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 715 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,275
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 715 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $2,450
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 715 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $2,200
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 715 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

4-PLEX | OAKLAND (Highland Terrace) | 6.3% CAP RATE | 1 VACANCY

4-Plex located in the Highland Terrace neighborhood with (1) Vacancy March 1, 2019. Great for owner/occupy or investor. Monthly rental income from 3 units should offset your mortgage. All 4 units are 2 bedrooms/1 bathroom. 6.3% Cap Rate. (2) off-street parking spots per unit. Low maintenance property. 3 of 4 units were remodeled in 2018. New insulation, drywall, and paint, new wood-like porcelain tile and baseboards. New kitchen cabinets w/ upgraded quartz counters. Newly rebuilt bathroom with porcelain tile, new bathtub, stone surround, and vanity. Located roughly 1.8 miles SE of Lake Merritt, 1.5 miles NW of the Fruitvale Bart Station with easy access to the 580 & 880 freeways. [OFFERING MEMORANDUM (OM) WITH RENT ROLLS/PROFORMA AVAILABLE UPON REQUEST - email: [email protected] ]

Location:

Oakland, CA 94606

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.