The Davis Saadian Group, of BRC Advisors Beverly Hills is pleased to offer offer for sale this fifty-five (55) unit multifamily investment opportunity, located in the City of Oakland. The subject property contains 30,368 square feet of building area on an 52,000 square foot lot. The unit mix consists of fifty-three (53) 1+1 units, and two (2) 2+1 units. Given the location, and rental upside of approximately 50%, this investment presents an excellent value-add opportunity to acquire in the Fruitvale sub-market that will provide exponential returns. The property allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth. Fruitvale has seen consistent rental increases in the wake of rising costs in San Francisco and the Lake Merritt area of Oakland.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.
