Property Details
About this Property
4-unit apartment complex with solid current cash flow and excellent rental upside. The current cap rate is 6.65% and the current GRM is 11.12. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The two best units will be delivered vacant making for a perfect opportunity for an owner-occupant or investor. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and sits on a 4,323 square foot lot with a large center courtyard. All units were completely renovated in 2014 and there is no deferred maintenance creating a turn-key investment for the new owner. All the units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for any investor seeking strong cash flow in one of the most attractive locations in Oakland. This is an excellent Oakland location in the Dimond district East of HWY580 near countless restaurants, coffee shops, and shopping.
MLS Listing Information
MLS #
EB41069971
MLS Source
Bridge MLS
Days on Site
98
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
Water
Public
Complex Amenities
Other
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,357 | 4 | 0/0 | – |
| 2 | 800 | 2 | 0/0 | – |
| 3 | 950 | 3 | 0/0 | – |
| 4 | 1,065 | 3 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3607 Maple Ave is a Residential Income in Oakland, CA 94602. This 4,172 square foot property sits on a 4,323 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,599,000 and was built in 1927. This address can also be written as 3607 Maple Ave, Oakland, CA 94602.
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This listing information is up-to-date as of October 27, 2024. For the most current information, please contact David Howarth, (510) 822-1331
