1364 E 27th St
Oakland, CA 94606
Bella Vista Gardens · Multifamily Property For Sale
·
6 Units
Investment Highlights
- OPEN HOUSE Wed 3/4/20 11:30-1PM
- High Demand Rental Location
- 20% Upside in Rent
- 9.5% Total Return, 5.7% Cap Rate
- 2-Car Garage
- Two Parcels with Development Potential
Property Facts
| No. Units | 6 | Building Size | 12,996 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | RM1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 12,996 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Basement
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
About 1364 E 27TH ST , OAKLAND, CA 94606
Bella Vista Gardens is a stately 1920’s 5-unit apartment building and a single family home perched on a gentle slope next to Ivy Hill, just over 1 mile east of Lake Merritt in Oakland CA. The wood-framed stucco 5-plex has two 2-bedroom 1-bath units and three 1-bedroom 1-bath units and a non-conforming studio. The brown shingle home has 3 bedrooms and 2 bathrooms on an adjacent lot with the potential for development. The property has a 2-car garage at the base of the single family home which is surrounded by lush gardens and mature fruit trees. Residents benefit from easy access to the I-580, bay views, remodeled units, and plenty of open space. A new owner has the opportunity to split the lots by adding a sewer line and develop the site by adding square footage or a possible ADU. There is approximately 20% up- side in the rents.
Property Taxes
| Parcel Number | 022-0356-048-00 | Improvements Assessment | $786,596 |
| Land Assessment | $318,360 | Total Assessment | $1,104,956 |
Property Taxes
