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1165 71st Ave

Oakland, CA 94621
  • $949,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: BE40977579
UPDATED: 77 min ago
$949,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,696
    SQFT
  • $257
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

PROPERTY HIGHLIGHTS . UNDER MARKET PRICING: Listed at a 6% CAP, under Redfin's market price projection of $994,367 - great value . Clean and well-maintained fourplex available near Coliseum BART offered at $257 per SqFt . Very Strong unit mix featuring (4) spacious 3BR/1BA units . Strong rent roll with an in-place 6.00% CAP Rate / 11.16 GRM . Huge upside with a market 12.35% CAP Rate / 6.48 GRM . Off-street 1:1 gated parking . Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview . Walk Score 82 (Very Walkable) . Strong Coliseum location - short walk to local retailers on International Blvd . 0.5 mile walk to Coliseum BART . Short walk to many local retailers including diners, restaurants, convenience stores, a gym and much more . Quick commute to neighboring Bay Area cities including Downtown Oakland, Berkeley, San Francisco, and other major employment hubs

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-22T08:48:55.753. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/124601181
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1165 71st Ave Oakland, CA 94621

  • Price: $949,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 77 min ago
  • ID#: BE40977579
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,696
SQFT
$257
$/SQFT
1965
Built
Neighborhood:
Oakland Zip Code 94621
County:
Alameda
Area:
Oakland Zip Code 94621
Property Description
PROPERTY HIGHLIGHTS . UNDER MARKET PRICING: Listed at a 6% CAP, under Redfin's market price projection of $994,367 - great value . Clean and well-maintained fourplex available near Coliseum BART offered at $257 per SqFt . Very Strong unit mix featuring (4) spacious 3BR/1BA units . Strong rent roll with an in-place 6.00% CAP Rate / 11.16 GRM . Huge upside with a market 12.35% CAP Rate / 6.48 GRM . Off-street 1:1 gated parking . Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview . Walk Score 82 (Very Walkable) . Strong Coliseum location - short walk to local retailers on International Blvd . 0.5 mile walk to Coliseum BART . Short walk to many local retailers including diners, restaurants, convenience stores, a gym and much more . Quick commute to neighboring Bay Area cities including Downtown Oakland, Berkeley, San Francisco, and other major employment hubs
Exterior Features

Building Type Fourplex Parking Spaces 4 Roof None Yard Grounds None

Interior Features

Baths Unit1 1.00 Baths Unit2 1.00 Baths Unit3 1.00 Baths Unit4 1.00 Beds Unit1 3 Beds Unit2 3 Beds Unit3 3 Beds Unit4 3 Cooling Air Conditioning - None Flooring None Heating No Heating Laundry None Sq Ft Unit1 924 Sq Ft Unit2 924 Sq Ft Unit4 924 Structure Sq Ft 3696

Property Features

Additional Listing Info Not Applicable Amenities None City Name Oakland Cross Street International Hoa Amenities None Lot Size Area Maximum 5000.00 Property Sub Type Fourplex Rent Unit1 1797 Rent Unit2 1462 Rent Unit3 1630 Rent Unit4 2200 Sewer Septic None Sq Ft Source Public Records Water None

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Robert Dau of Transwestern Property Co..


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-01-22T08:48:55.753. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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