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3571 66th Ave
Oakland, CA 94605
CAP 7%, Cash on Cash 7.6%, GRM 9.6 · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Existing first loan with First Republic Bank of $905,800 @ 4% payable monthly $4,846.37, due date 2028, buyer may take “subject to” if they elect to d
- Existing Cash on Cash Return 7.6% Market Cash on Cash Return 19%
- 40% Upside in the Rents
- Existing Cap 7%, Market Cap 12.5%
- Existing Gross Rent Multiplier 9.6 Market Gross Rent Multiplier 6.3
- High growth city and area influencing great appreciation potential
Property Facts
| No. Units | 9 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 6,375 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built | 1970 |
| Zoning | RM-3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 6,375 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | RM-3 |
Amenities
Site Amenities
- Laundry Facilities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 620 |
| 2+1 | 6 | - | 750 |
Property Taxes
| Parcel Number | 037A-2752-001-04 | Improvements Assessment | $1,108,000 |
| Land Assessment | $475,000 | Total Assessment | $1,583,000 |
Property Taxes
Parcel Number
037A-2752-001-04
Land Assessment
$475,000
Improvements Assessment
$1,108,000
Total Assessment
$1,583,000
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