This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen, remodeled bathrooms, new dual paned windows, and luxury vinyl plank flooring throughout. Exterior is newly painted. New concrete wallway and drlveway and low maintainance front landscaping. Each unit is separately metered for gas and electric utilities makes for lower operating cost for owner. 4 spacious 1 bedroom/1bath units. Large lot with at least 7 off street parking spaces. The backyard has potential for placement of an ADU for additional rental income potential. Property will offer investor potential tax savings as it is located in Opportunity Zone.
Sold for $925,000
Street View
Zillow last checked:
Listing updated:
Bought with:
Tina Harris, DRE #02052351
Better Homes Realty
Source: Bay East AOR,MLS#: 41046623
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2024 | Sold | $925,000-0.4%$364/sqft |
Source:  Bay East AOR #41046623 Report a problem | ||
| 1/8/2024 | Pending sale | $929,000$366/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41046623 Report a problem | ||
| 1/3/2024 | Listed for sale | $929,000+112.1%$366/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41046623 Report a problem | ||
| 7/3/2023 | Sold | $438,099-53.9%$173/sqft |
Source: Public Record Report a problem | ||
| 3/4/2023 | Listing removed | -- |
Source: bridgeMLS/CCAR/Bay East AOR #41004551 Report a problem | ||
| 2/9/2023 | Price change | $950,000-3.6%$374/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41004551 Report a problem | ||
| 11/22/2022 | Price change | $985,000-10.5%$388/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41004551 Report a problem | ||
| 8/13/2022 | Listed for sale | $1,100,000+98.2%$433/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41004551 Report a problem | ||
| 8/21/2007 | Sold | $555,000-15.8%$219/sqft |
Source: Public Record Report a problem | ||
| 8/8/2006 | Sold | $659,000+44.8%$260/sqft |
Source: Public Record Report a problem | ||
| 8/1/2003 | Sold | $455,000+30%$179/sqft |
Source: Public Record Report a problem | ||
| 9/28/2001 | Sold | $350,000+173.4%$138/sqft |
Source: Public Record Report a problem | ||
| 4/29/1999 | Sold | $128,000$50/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$1,032,600
