6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning, and more. The property is easy to manage and is separately metered for PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.
MLS #
EB41053921
MLS Source
Bridge MLS
Days on Site
39
Buyer's Brokerage Compensation*
2.5%
Appliances
Other
Flooring
Wood
Cooling
Other
Garage/Parking
Other, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Playground
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 1,352 | 3 | 0/0 | – |
2 | 1,352 | 3 | 0/0 | – |
3 | 1,352 | 3 | 0/0 | – |
4 | 1,352 | 3 | 0/0 | – |
1832 Bridge Ave is a Residential Income in Oakland, CA 94601. This 5,408 square foot property sits on a 9,125 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,675,000 and was built in 1924.
This address can also be written as 1832 Bridge Ave, Oakland, CA 94601.©2024 Bridge MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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This listing information is up-to-date as of April 12, 2024. For the most current information, please contact David Howarth, (510) 822-1331