New sheetrockUpdated finishesModern kitchensBright sun-filled interiorsBeautifully updated bathroomsLarge floor plans
To access the marketing package copy/paste: https://bit.ly/kitehillre 74 Pearl Street presents an outstanding opportunity to acquire a fourplex in Oakland's desirable Harrison neighborhood, just minutes from Adams Point, Lake Merritt, Downtown Oakland, and major commuter routes. Surrounded by restaurants, cafés, shopping, and public transportation, the property enjoys a prime location in one of Oakland's most sought-after rental markets. The property consists of four spacious 1-bedroom, 1-bathroom units totaling over 3,200 square feet on a 5,000 square foot lot. Three of the four units have been extensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and beautifully updated bathrooms. Bright, sun-filled interiors, updated finishes, and large floor plans continue to attract quality tenants. Currently 100% occupied, the property offers immediate cash flow at an attractive 6.00% cap rate and 10.77 GRM, making it an excellent opportunity for both owner-occupants and first-time or seasoned investors. Additional features include in-unit washer/dryers, separately metered PG&E paid by tenants, secure gated rear parking with an electronic security gate, and two Tuff Sheds configured into four private storage rooms—one for each unit. With strong in-place income, quality renovations, and an exceptional location, 74 Pearl Street represents outstanding value in today's multifamily market.
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Zillow last checked:
Listing updated:
Listed by:
Jatin MehtaDRE #02045713510-878-6800,
Kite Hill Real Estate
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41142008
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Heating
Natural Gas
Cooling
Other
Appliances
Laundry: Washer/Dryer Stacked Incl
Features
Flooring: Wood
Basement: None
Has fireplace: No
Interior area
Total structure area: 3,160
Total interior livable area: 3,160 sqft
Property
Parking
Total spaces: 4
Parking features: Detached, Tandem
Has garage: Yes
Features
Fencing: Fenced
Lot
Size: 4,791 Square Feet
Features: Rectangular Lot, Paved
Details
Parcel number: 108099
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Materials
Stucco
Condition
Year built: 1926
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Individual Electric Meter, Individual Gas Meter
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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