2112 35th Ave | Oakland, CA 94601
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- LoopNet Team
2112 35th Ave
Oakland, CA 94601
7-unit Apartment with Excellent Income · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- 7-unit Apartment Complex Featuring Three 2bd/1bth Units and Four 1bd/1bth Units with Strong Current Income and Excellent Rental Upside
- Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
- Current Cap Rate: 7.18%, ProForma Cap Rate: 10.77%
- Remodeled Units with Newer Kitchens, Bathrooms, Paint, Wood Floors, Double Pane Windows, a Newer Roof, and More
- Attractive Location Near Lake Merritt, BART, Restaurants, Coffee Shops, and Shopping Options
- Current GRM: 9.46, ProForma GRM: 6.98
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 032-2112-002-00 | Improvements Assessment | $599,625 |
| Land Assessment | $512,014 | Total Assessment | $1,111,639 |
PROPERTY TAXES
Parcel Number
032-2112-002-00
Land Assessment
$512,014
Improvements Assessment
$599,625
Total Assessment
$1,111,639
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