$1,250,000
$1,250,000
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3,920 Sqft Lot
SOLD DATE : 06/24/2021
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40947345
Sold Date 06/24/21
HOA Y/N No
Year Built 1912
Lot Size 3,920 Sqft
Property Sub-Type Duplex
Property Description
This classic Victorian style building with three units plus a cottage is located on a corner lot in the upcoming McClymonds neighborhood in West Oakland with easy transportation access. This mostly residential area also includes many repurposed warehouses/factories where diversity & the local friendly hip arts community strive. One of the units, the largest, most desirable & eclectic unit will be delivered vacant, it comes with views of both downtown Oakland and San Francisco skyline - great opportunity for house hacking owner-occupant! The property features a solar panels system and each unit has been tastefully remodeled over the time. The shared, low maintenance, brick patio provides off street parking and outdoor space for all tenants. This is an attractive and rare opportunity to invest in a centrally located, spacious, yet still affordable income property that will attract tenants from all socioeconomic backgrounds. And will produce a respectable cash flow - Cap Rate 7%.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Laminate, Stone, Tile, Wood
Fireplace No
Exterior
Parking Features On Street
Roof Type Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer
Others
Tax ID 545213
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with NON MEMBER OUT OF AREA • Bay East AOR