John E Burge

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Oakland, CA 94606

Multi-Family · 0.16 Acres
$1,100,000 Active

Overview

Time on Site:
1391 days
Visits:
0

This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.

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Facts & Features

  • Type Multi-Family
  • Lot 0.16 Acres

Details

General

Income/Expenses

  • Gross Scheduled Income: 97920.0
  • Net Operating Income: 58866.0

Building Information

  • Year Built: 1964

Location/Region

  • County Or Parish: Alameda
  • Postal City: OAKLAND

Rent/Lease Information

  • Tenant Pays: Gas

Tax Information

  • Tax Annual Amount: 17316.0

General Information

  • Parcel Number: 2129032
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

General Information

    Exterior

    Lot Information

    • Lot Features: Sloped Down
    • Lot Size Acres: 0.16
    • Lot Size Area: 7000.0
    • Lot Size Square Feet: 7000.0
    • Lot Size Units: Square Feet

    Building Exterior/Construction

    • Construction Materials: Stucco

    General Information

    • Number Of Units Total: 5

    Neighborhood

    Community

    94606 (Oakland) Demographics

    37
    Median Age
    15,019
    Population Density (per sq. mile)
    47%
    College Educated
    $63,188
    Estimated Median Income
    2,789
    Estimated Total Home Owners
    12,265
    Estimated Total Renters
    19% / 81%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    Market Data

    Based on the last 30 days in this zip code

    $535,730
    Average List Price
    $458
    Average Price per Square Foot
    6
    Properties Sold
    93
    Average Days on Market
    153
    Properties for Sale
    Calculations provided by Reliance Network

    History

    Date Event Value Agent
    9/8/2022Source: CRMLS Added to Database
    September 08, 2022
    Listing provided courtesy of INFINITY INVESTMENTSSTEVEN PETERSON- MLS# 40845547MLS ProviderContact Information: [email protected] - 510-879-7542
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