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4328 Howe St
Oakland, CA 94611
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 6,668 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | RM-3 - 7700 - Multiple Residential Buildings of 5 or More Units | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,668 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | RM-3 - 7700 - Multiple Residential Buildings of 5 or More Units |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Built-In Bookshelves
- Freezer
- Linen Closet
Site Amenities
- Laundry Facilities
- Storage Space
About 4328 HOWE ST , OAKLAND, CA 94611
IN CONTRACT - SHOW FOR BACKUPS - 8 LARGE UNITS Call Brokers With all Inquiries. An 8-unit apartment building comprised of 6 large 1-bedroom units and 2 large 2-bedroom units. The property is located in the Piedmont Ave neighborhood, one block from Piedmont Ave. With in-place rents that are roughly 48% below market rate there is potential to increase the NOI by nearly 173%. Investors will have the opportunity to quickly capitalize on the upside potential as the property will be delivered with 2 vacant 2-bedroom units. There is also potential to perform a banked rent increase to the occupied units which translates to approximately a 6.38% increase to the in-place income. 4328 Howe St will be the perfect match for the upside seeking investor that appreciates a quality asset in one of the most established neighborhoods of one of the nation' s strongest rental markets. The Piedmont Ave neighborhood is one of the most prestigious neighborhoods in Oakland. The property boasts a Walk Score of 96 and provides residents easy access to the local boutiques shops, cafes, watering holes & gourmet dining options that line Piedmont Ave. The Piedmont Ave Neighborhood is also home to Kaiser Permanente' s main Oakland Hospital which employs more than 11,000 people. The property is walking distance to both the Temescal & Rockridge neighborhoods which combined contain nearly 200 restaurants, bars and coffee shops. Additionally, the Rockridge neighborhood features The Ridge a ±300,000 sq. ft. retail development that is anchored by Safeway. The property provides convenient access to Interstate 580 & 980 as well as Highway 24. Furthermore, the asset is located within walking distance of Rockridge BART station & MacArthur BART station.
Property Taxes
| Parcel Number | 013-1116-021-00 | Improvements Assessment | $2,281,197 |
| Land Assessment | $892,400 | Total Assessment | $3,177,637 |
Property Taxes
