Property Details
About this Property
Strategically located between I-580 and I-880, 2006 38th Avenue is a rare opportunity to acquire a turnkey 4 unit apartment building in the emerging Oakland Market. The asset features (1) Two Bedroom One Bathroom Unit, (3) One Bedroom One Bathroom Units, Five Off-street parking spaces, on-site laundry facilities and is sewer lateral compliant. In addition, tenants pay their own water. Tenants enjoy the convivence of on-site laundry and being in close proximity to mass transit. Offered at an attractive 5.38% CAP Rate/13.41 GRM and Pro Forma CAP Rate 6.02%/12.35 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside
MLS Listing Information
MLS #
BE40974309
MLS Source
Bay East
Interior Features
Flooring
Laminate
Laundry
Coin Operated
Cooling
Air Conditioning - None
Heating
Wall Furnace
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: Car(s)
Sewer
Public Sewer
Complex Amenities
None
Contact Information
Listing Agent
Theodore Wong
Compass
License #: 02016737
Phone: (510) 384-9721
Co-Listing Agent
Brandon Tran
Fifty Hills Real Estate
License #: 01926337
Phone: (510) 735-5367
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 1 | 0/0 | $1,850 |
| 2 | – | 1 | 0/0 | $1,900 |
| 3 | – | 1 | 0/0 | $1,900 |
| 4 | – | 2 | 0/0 | $1,900 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2006 38th Avenue is a Residential Income in Oakland, CA 94601. This 3,542 square foot property sits on a 5,415 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,175,000 and was built in 1952. This address can also be written as 2006 38th Avenue, Oakland, CA 94601.
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This listing information is up-to-date as of July 08, 2022. For the most current information, please contact Theodore Wong, (510) 384-9721
