Property Details
About this Property
5.5% Cap Rate on Current Rents!!! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.
MLS Listing Information
MLS #
EB40991342
MLS Source
Bridge MLS
Interior Features
Appliances
Dryer, Washer
Flooring
Laminate
Laundry
Community Facility
Cooling
Air Conditioning - None
Heating
Forced Air, Gas
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
No Parking, Off-Street Parking, Parking Area, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,956 | – | 0/0 | $2,250 |
| 2 | 1,564 | 5 | 0/0 | $5,563 |
| 3 | 1,462 | 7 | 0/0 | $7,621 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
439 International Blvd is a Triplex in Oakland, CA 94606. This 5,502 square foot property sits on a 3,750 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,945,000 and was built in 1996. This address can also be written as 439 International Blvd, Oakland, CA 94606.
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This listing information is up-to-date as of December 06, 2022. For the most current information, please contact Daniel Winkler, (510) 421-4528
