2112 35Th Ave Active Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94601
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $237
MLS Listing ID 41087138
Year Built 1961
Lot Size 6,708 Sqft
Property Sub-Type 5 or More Units
Property Description
Showing: Thursday 4/17 at 1:00pm. 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property almost 100% leased with a current cap rate is 9.28% and the current GRM is 6.40. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, granite counter tops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Other
Flooring Tile,Wood
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No