$1,100,000
0.16 Acre Lot

Oakland, California 94606

  • Residential Income Property Type
  • 1964 Year Built
Property Description

This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.

Basic Details
Residential Income
For Sale
40845547
$1,100,000
1964
0.16 Acre
Active
Apartment
Features
: Wall Furnace
: None
$0
Address Map
CA
Alameda
Oakland
94606
W123° 45' 55''
N37° 47' 29.3''
1947 E. 22nd St., Oakland, CA Cross Street: 19th Ave.
Additional Information
$0
$0
$0
$0
$0
: Stucco
: Sloped Down
5
2018-11-08
Broker/Agent Information
INFINITY INVESTMENTS
STEVEN PETERSON
Financial
17316.0
Listing Information
BMLS-R01746140
BMLS-OFIISP
Active
2024-09-30T18:45:10Z
CRMLS
2019-01-16T15:25:20Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069