$1,575,000
$1,575,000
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2,848 Sqft Lot
SOLD DATE : 05/25/2023
Key Details
Sold Price $1,575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Piedmont Avenue
MLS Listing ID 41018676
Sold Date 05/25/23
HOA Y/N No
Year Built 1912
Lot Size 2,848 Sqft
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
Flooring Vinyl, Wood
Fireplace No
Exterior
Garage On Street
Roof Type Composition
Parking Type On Street
Total Parking Spaces 2
Building
Lot Description Back Yard, Street Level
Sewer Public Sewer
Others
Tax ID 012 0992 001 00
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Kahila Nilsson • Nilsson Real Estate