140 Montecito Ave | Oakland, CA 94610
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- LoopNet Team
140 Montecito Ave
Oakland, CA 94610
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Incredible Seller Financing for Qualified Buyers - 85% LTV and 5% Interest - Over 8% Cash on Cash Return Day One
- Most Units Fully Remodeled - Upgraded Electrical Systems, Copper Plumbing, Recoated Roof, New Concrete Driveway, Seller Completing Seismic Retrofit
- Separately Metered for Gas, Electricity - Current Tenants Pay Utilities Fees to Cover Water and Garbage, Minimizing Owner Expenses
- Prime Adam's Point Location Offering 18 Units Comprised of Fourteen (14) 1bd/1bth Units, Three (3) Studio Apartments, and One (1) 3bd/2bth Penthouse
- Estimated $1,500,000 Tax Deduction through Accelerated Depreciation. Carries Forward Until Full Benefit Received.
Property Facts
| No. Units | 18 | Building Size | 10,218 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.76/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R-50, Oakland - Multi-family | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 10,218 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1961 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | R-50, Oakland - Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Basement
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 700 |
| 3+2 | 1 | - | 900 |
Property Taxes
| Parcel Number | 010-0770-016-00 | Improvements Assessment | $2,800,000 |
| Land Assessment | $500,000 | Total Assessment | $3,300,000 |
Property Taxes
Parcel Number
010-0770-016-00
Land Assessment
$500,000
Improvements Assessment
$2,800,000
Total Assessment
$3,300,000
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