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4160 Masterson St 3 Unit Apartment Building $635,000 ($211,667/Unit) 6.26% Cap Rate Oakland, CA 94619
INVESTMENT HIGHLIGHTS
- Two buildings on one lot
- Many upgrades to property including windows, paint, and roof enhacements
- Vacant standalone unit in rear of property
EXECUTIVE SUMMARY
4160 Masterson St is a wonderful 3-unit apartment building nestled in the Dimond / Redwood Heights District. This property offers a mix of two buildings on one lot. The first building is a duplex with two tenant-occupied one (1) bedroom, one (1) bathroom units. The second building is a standalone structure with two (2) bedrooms and one (1) bathroom. This unit can be delivered vacant at the close of escrow. Recent improvements to the property include fresh exterior paint, numerous new windows, roof enhancements, and several additional upgrades throughout. 4160 Masterson Street is the perfect property for owner users and investors alike.
Boasting a 6.62% CAP on day one with significant rental upside, this property is a lucrative investment for any owner. It also features two garage spaces and has separate meters for both gas and electricity. Invest with confidence in the thriving Redwood Heights community, a market poised for significant expansion.
Boasting a 6.62% CAP on day one with significant rental upside, this property is a lucrative investment for any owner. It also features two garage spaces and has separate meters for both gas and electricity. Invest with confidence in the thriving Redwood Heights community, a market poised for significant expansion.
PROPERTY FACTS
| Price | $635,000 | Property Subtype | Apartment |
| Price Per Unit | $211,667 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,347 SF |
| Cap Rate | 6.26% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.75 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1943 |
| Property Type | Multifamily | Parking Ratio | 1.7/1,000 SF |
| Price | $635,000 |
| Price Per Unit | $211,667 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| Gross Rent Multiplier | 9.75 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.13 AC |
| Building Size | 2,347 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1943 |
| Parking Ratio | 1.7/1,000 SF |
AMENITIES
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
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VIDEOS
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4160 Masterson St
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