Bought with Kahila Nilsson β’ Nilsson Real Estate
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78 Glen Oakland, CA 94611
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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,489 sqft
Price per Sqft $451
Subdivision Piedmont Avenue
MLS Listing ID 41018676
Sold Date 05/25/23
HOA Y/N No
Originating Board Bridge AOR
Year Built 1912
Lot Size 2,850 Sqft
Property Sub-Type OTHER
Property Description
Huge price reduction on this 7 unit Apt. Amazing location next to Piedmont Ave. Near Kaiser & Summit Hospitals, and Bart is less than a mile away. Many upgrades done to this charming building. 5 units delivered vacant to ensure high market rent prices - a sure way to get on a good cycle for solid financial return. Amazing price for this rarely available investment opportunity. New 400 amp electrical service. Newly painted outside and all of the vacant unit. Updated kitchen and new floors. Excellently maintained by Discovery management. Prime prime prime location!! One 2BD/1BA. Two 1BD/1BA. plus Four studio units. Projected $12,955 gross rent per month. 10.13 times GRM. Cap rate is 5.65%.
Location
State CA
County Alameda
Interior
Heating Floor Furnace
Cooling No Air Conditioning
Flooring Hardwood, Vinyl
Fireplace No
Laundry No Hookups
Building
Lot Description Level
Water Public
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