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- LoopNet Team
1369 102nd Ave
Oakland, CA 94603
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Four Units Comprised of Three 2 bed/1 bath Apartments of Approx. 850 square feet and One 3bd/1bth Apartment of Approx. 1,100 square feet.
- One Unit with Upside Upon Turnover, Buyouts, or Capital Improvement Pass-Throughs.
- 8.0% Current Cap & 9.78 Current GRM
- Three Units Achieving At Market Rent with Leases Through December 2021.
- Off-Street Parking for All Units.
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 3,650 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1949/1980 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,650 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/1980 |
ABOUT 1369 102ND AVE , OAKLAND, CA 94603
102nd Ave Apartments offers investors solid cash flow from day one. Four spacious units consisting of three 2bd/1bth apartments and one 3bd/1bth apartment. Three units are leased at above-market rents through December 2021, with the fourth offering rental upside upon turnovers, buyouts, and capital expense pass-throughs. Recent capital improvements include a new roof on three units, one unit completely remodeled, and updated electrical and plumbing. Off-street parking for all units. The property is located in the East 14th Street Business District, two blocks from Durant Marketplace, providing tenants with convenient access to supermarkets, restaurants, and stores. Nearby attractions include the Oakland Coliseum, Martin Luther King Jr. Regional Shoreline, and the Oakland Zoo. EMAIL ADAM@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 045-5171-006-02 | Improvements Assessment | $519,180 |
| Land Assessment | $235,620 | Total Assessment | $754,800 |
PROPERTY TAXES
