This Multifamily Property is no longer advertised on LoopNet.com.

1311 97th Ave
Oakland, CA 94603
5 Units with 10.01% Current Cap Rate · Multifamily Property For Sale · 5 Units

Investment Highlights

  • 5-Unit Apartment Complex Featuring Three Large 2bd/1bth Units and Two 1bd/1bth Units with Excellent
  • Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
  • Quiet Residential Street Comprised of Mostly Single-Family Homes Close to Shopping and Restaurants
  • Excellent Current Income and Strong Rental Upside
  • Two Vacant 2bd/1bth Units; Perfect for Owner-Occupants or Investors Seeking Max Market Rates
  • Four Parking Garages Rented for Additional Income

Property Facts

No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,335 SF
No. Stories 2
Year Built 1951
Parking Ratio 1.85/1,000 SF
Zoning N/Av, Oakland

Amenities

Unit Amenities

  • Kitchen
  • Tub/Shower

Site Amenities

  • Laundry Facilities
  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 5 - 925

Property Taxes

Property Taxes

Parcel Number
044-4969-016-00
Land Assessment
$597,350
Improvements Assessment
$651,396
Total Assessment
$1,248,746
  • Listing ID: 33463652

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 1311 97th Ave, Oakland, CA 94603

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