Log In/Sign Up
Your email has been sent.
3240 61st Ave 10 Unit Apartment Building $990,000 ($99,000/Unit) 3.54% Cap Rate Oakland, CA 94605
EXECUTIVE SUMMARY
SUBJECT PROPERTY HAS UPSIDE POTENTIAL SINCE THERE ARE 4 GARAGES UNDERNEATH THE 8 UNITS AND THE OTHER 2 UNITS ARE AT THE
BACK OF THE GARAGES, THE GARAGES COULD BE CONVERTED TO MINIMUM 2 GOOD SIZE UNITS PROBABLY 2 BEDROOMS 1 BATH
WHICH IT WILL INCREASE THE VALUE TO TO RENT INCREASE TO BE COLLECTED .
SOME OF THE UNITS BEEN REMODELED AND THREE UNITS WAS REHABS DUE TO WATER DAMAGE FEW YEARS AGO AND SPEND OVER $200,000
THE MARKET PRICE IS $1,200,000 PLUS MINUS , BUT SELLER IS VERY MOTIVATED TO GO IN TO DIFFERENT INVESTMENT AFTER 15 YEARS OWNING THIS
PROPERTY.
BACK OF THE GARAGES, THE GARAGES COULD BE CONVERTED TO MINIMUM 2 GOOD SIZE UNITS PROBABLY 2 BEDROOMS 1 BATH
WHICH IT WILL INCREASE THE VALUE TO TO RENT INCREASE TO BE COLLECTED .
SOME OF THE UNITS BEEN REMODELED AND THREE UNITS WAS REHABS DUE TO WATER DAMAGE FEW YEARS AGO AND SPEND OVER $200,000
THE MARKET PRICE IS $1,200,000 PLUS MINUS , BUT SELLER IS VERY MOTIVATED TO GO IN TO DIFFERENT INVESTMENT AFTER 15 YEARS OWNING THIS
PROPERTY.
PROPERTY FACTS
| Price | $990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $99,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3.54% | Building Size | 3,360 SF |
| Gross Rent Multiplier | 7 | No. Stories | 3 |
| No. Units | 10 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 0.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R70, Oakland | ||
| Price | $990,000 |
| Price Per Unit | $99,000 |
| Sale Type | Investment |
| Cap Rate | 3.54% |
| Gross Rent Multiplier | 7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,360 SF |
| No. Stories | 3 |
| Year Built | 1948 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R70, Oakland |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 037A-2734-001-04 | Improvements Assessment | $452,400 |
| Land Assessment | $193,609 | Total Assessment | $646,009 |
PROPERTY TAXES
Parcel Number
037A-2734-001-04
Land Assessment
$193,609
Improvements Assessment
$452,400
Total Assessment
$646,009
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3240 61st Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.