4-unit apartment complex in the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 7.12% and the current GRM is 10.05. The unit mix features four large 2bd/1bth units with four off-street parking garages, four storage areas, and a large basement area perfect for an ADU. The property was originally built in 1964, offers approximately 3,460 square feet of rental space, and sits on a 9,000 square foot lot. The units have been fully remodeled with stainless-steel appliances, granite countertops, granite backsplashes, stainless steel fixtures, newer cabinets, custom lighting, custom showers, new vanities and sinks, hardwood floors, and forced air heating. The exterior and interior are in great condition with upgraded electrical, a newer roof, double pane windows, and no deferred maintenance resulting in an attractive turn-key investment. The top and bottom units on the left side will both be delivered vacant making this a perfect opportunity for owner-occupants or an investor looking to lease at max market rates. Historically, the tenants have been young professionals who have been easy to manage and always pay on-time. This is an excellent Oakland Hills location near many great schools, parks, and restaurants just east of HWY580.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
4/26/2025
|
|
YEAR BUILT
|
1964
|
COUNTY
|
Alameda
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
See Remarks |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
See Remarks |
| GARAGE |
Garage, Yes |
| HEAT |
See Remarks |
| HOA DUES |
0 |
| LOT |
9000 sq ft |
| LOT DESCRIPTION |
Back Yard |
| PARKING |
Garage |
| SEWER |
Public Sewer |
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Listed with The Pinza Group, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/25 2:54 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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