Property Details
About this Property
The Pinza Group is proud to present a 4-unit apartment complex comprised of four spacious 2b/2bth units with strong current cash flow and excellent rental upside. The current CAP rate is 6.22% and the current GRM is 11.69. One lower unit will be delivered vacant at close of escrow making this also a perfect opportunity for an owner-occupant. The property was built in 1889, offers approximately 3,240 square feet of rental space, and sits on a 4,400 square foot lot with a nice backyard that tenants enjoy. All units have been extensively remolded with new kitchens and bathrooms with new countertops, stainless steel appliances, wood floors, in-unit water heaters, washers and dryers and more. The roof is newer and all the electrical has been redone resulting in a turn-key property for the next investor. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. This is an attractive West Oakland Location Near Downtown Oakland, Berkeley with easy access to the Bay Bridge and San Francisco. There are numerous restaurants, coffee shops, micro breweries all over West Oakland and Downtown Oakland creating a dynamic urban scene that's extremely popular.
MLS Listing Information
MLS #
EB41035924
MLS Source
Bridge MLS
Interior Features
Appliances
Other
Flooring
Other
Cooling
Other
Heating
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Sewer
Public Sewer
Complex Amenities
Other
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 810 | 2 | 0/0 | – |
| 2 | 810 | 2 | 0/0 | – |
| 3 | 810 | 2 | 0/0 | – |
| 4 | 810 | 2 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
860 20th St is a Residential Income in Oakland, CA 94607. This 3,240 square foot property sits on a 4,400 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,325,000 and was built in 1889. This address can also be written as 860 20th St, Oakland, CA 94607.
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This listing information is up-to-date as of December 12, 2023. For the most current information, please contact David Howarth, (510) 822-1331
