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510-703-0356
Real Estate Company
865 29th St, Oakland, CA 94608
- $1,045,000
- 3,820
- SqFt
- List Price
- $1,045,000
- Status
- ACTIVE
- Year Built
- 1928
- MLS#
- 41152901
- Living Area
- 3,820
- Lot Size
- 3,500
- Type
- Multifamily
- Zip
- 94608
- city
- Oakland
- Neighborhood
- West Oakland
Property Description
COMPLETELY VACANT FOURPLEX – A RARE INVESTMENT OPPORTUNITY! Here's your opportunity to take control from day one! This Fourplex is 100% Vacant, giving you the freedom and flexibility to establish market-rate rents immediately, select your own tenants, and maximize the property's income potential. Adding even more value, each unit is separately metered for water, gas, and electricity including a 5th common-area meter, allowing utility consumption to be measured and billed individually to tenants, helping reduce operating expenses and improve your bottom line. $273/SF. $261,000 per unit, (±) $120,804 estimated projected annual income, (±) 9.248% CAP Rate and (±) 8.65 GRM at $1,045,000, the numbers speak for themselves. The unit mix consists of three 1Bd/Ba units and one 2Bd/1Ba unit, with each unit is approximately (±) 955 SqFt of living space, complete with a formal dining room and separate living room. Building total 3,820 SqFt. Additional amenities include four individual garages, four private storage spaces, and a coin-operated laundry room, providing added convenience and potential supplemental income. Low-maintenance grounds, much of the property is surrounded by concrete, significantly reducing gardening expenses. You're not just buying four units. You're buying four opportunities to generate passive income, build wealth, and create a legacy.
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Additional Information
- Lot Description
- Rectangular Lot
- Flooring
- Carpet
- Heating
- Wall Furnace
- Cooling
- No Air Conditioning
- Exterior
- Stucco
- Roof
- Rolled/Hot Mop
- Garage
- Yes
- Garageparking
- Garage
- Water Sewer
- Public
- Building Type
- Quadruplex
- Acres
- 0.08
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Listing courtesy of Giuseppe Zumbo from Compass. 510-331-5153
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