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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Temescal
MLS Listing ID 40963754
Sold Date 10/01/21
HOA Y/N No
Year Built 1920
Lot Size 2,613 Sqft
Property Description
Beautifully maintained vintage 1920s 4plx w/strong cash flow on border of Oakland's Mosswood/Temescal districts. Unit mix consists of (4) 1bd/1ba units. All 4 apartments feature spacious layouts, abundant natural light, French doors, eat-in kitchen nooks, & hardwood floors. Access to a spacious garden courtyard w/shared on-site coin-op laundry, makes this low vacancy rate complex highly desirable to tenants. The property boasts 1 vacant unit that can be immediately re-rented at market rate or occupied by an owner-user. Potential for additional income from 2 un-leased off-street parking spaces and various storage sheds. Property has undergone many recent capital improvements such as the installation of Hardie 50-year cement exterior siding in 2018 and a seismic retrofit with permits in 2020. Next owner to explore banked rent increases. *Note: adjacent 4plx located at 3818 Opal St. also available at $1,650,000. Owner prefers to sell together for $3,200,000 but will consider all offers.
Location
State CA
County Alameda
Interior
Heating NaturalGas, WallFurnace
Flooring Laminate, Wood
Fireplace No
Exterior
Parking Features Other
Roof Type Shingle
Building
Lot Description CornerLot, StreetLevel
Sewer PublicSewer
Others
Tax ID 1298124
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER