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Listed by Giuseppe Zumbo • Compass • 510-339-6460
$ 1,045,000
Est. payment /mo
Open Sat 1PM-4PM
865 29th St Oakland, CA 94608
3,820 SqFt
Open House
Sat Nov 07, 1:00pm - 4:00pm
Sun Nov 08, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,820 sqft
Price per Sqft $273
Subdivision West Oakland
MLS Listing ID 41152901
HOA Y/N No
Year Built 1928
Lot Size 3,500 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Carpet
Fireplace No
Building
Lot Description Rectangular Lot
Water Public
Others
Special Listing Condition Standard
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