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    593 8Th St

    Oakland, CA 94607
    • $1,090,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: BE40931618
    $1,090,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1865
    County:

    School Ratings & Info

    Description

    7.17% cap rate and 10.16 GRM based on current rents. Downtown Oakland mixed-use 6-unit property with enormous rental upside. The property offers one 2bd/1bth unit, three 1bd/1bth units, and two retail units. The property was built in 1865, offers approximately 3,835 square feet of living space, and sits on a 3,750 square foot lot. Needs remodeling and repairs. The front right retail unit is missing a roof so this is an all cash or private loan sale. One of the owners lives in one of the 2bd/1bth units and wants to rent back for a year. All units have rents below market rates offering huge rental upside for the next owner. The building has a unique design and offers spacious units with classic details including hardwood floors, high ceilings, a roof-top patio and a garage. The tenants are nice and are all paying rent making this a safe and predictable investment. The front right retail unit is missing a roof so this is an all cash or private loan sale

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-24T23:48:06.437. 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/112532232
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    593 8Th St Oakland, CA 94607

    • Price: $1,090,000
    • Status: Active
    • ID#: BE40931618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1865
    Built
    Neighborhood:
    Oakland Zip Code 94607
    County:
    Alameda
    Area:
    Oakland Zip Code 94607
    Property Description
    7.17% cap rate and 10.16 GRM based on current rents. Downtown Oakland mixed-use 6-unit property with enormous rental upside. The property offers one 2bd/1bth unit, three 1bd/1bth units, and two retail units. The property was built in 1865, offers approximately 3,835 square feet of living space, and sits on a 3,750 square foot lot. Needs remodeling and repairs. The front right retail unit is missing a roof so this is an all cash or private loan sale. One of the owners lives in one of the 2bd/1bth units and wants to rent back for a year. All units have rents below market rates offering huge rental upside for the next owner. The building has a unique design and offers spacious units with classic details including hardwood floors, high ceilings, a roof-top patio and a garage. The tenants are nice and are all paying rent making this a safe and predictable investment. The front right retail unit is missing a roof so this is an all cash or private loan sale
    Exterior Features

    Exterior Other Garage Parking Other Lot Description Other Roof Other Units In Complex Max 6

    Interior Features

    Cooling Other Flooring Other Structure Sq Ft 3835

    Property Features

    Additional Listing Info Not Applicable Amenities Other City Name Oakland Cross Street Jefferson Hoa Amenities Other Lot Size Area Maximum 3750.00 Sewer Septic Sewer - Public Water Public

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of David Howarth of The Pinza Group, Inc.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-24T23:48:06.437. 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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