Comm Ri Multi-units 5+ For Sale
8,004 Sqft - 430 Vernon, OAKLAND, California 94610
Property Description
430 Vernon Street / Prime Adams Point Neighborhood / Pro Forma GIM 9.42 / Pro Forma Cap Rate – 7.49% / Significant Rental Upside – Currents Rents are Nearly 35% Below Market / Adams Point Offers Residents Top End Walk, Transit and Bike Scores / All 12 units desirable two bedroom/one bathroom unit.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40721340
Price : $2,940,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 8,004 Sqft
Year Built : 1961
Lot Area : 0.18 Sqft
Features
Heating System : Gas, Wall Furnace
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94610
Street : Vernon
Street Number : 430
Floor Number : 0
Longitude : W123° 44' 48.3''
Latitude : N37° 48' 59.6''
MLS Addon
Office Name : MARCUS & MILLICHAP
Building Type : Apt Complex
Area : Oakland Zip Code 94610
Address : 430 Vernon
Cross Street : Perkins
LA1User Code : R00874699
LA1Agent First Name : KEVIN
LA1Agent Last Name : TURNER
Status Category : Sold
Tot # Parking Spaces : 10
Tot # of Units : 12
Dist/Nbrhood/Sub : ADAMS POINT
List $/SqFt : $367
Age : 54
Apx Lot Sq Ft : 7,900 Sqft
Type of Building : Apt Complex
Annual Taxes : $43,939
Total Deposits : $0
ADDTL FEATURES MISC. : Security Building
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator, Other, Disposal
EQUIPMENT ADDITIONAL : Water Heater Gas
EXTERIOR : Stucco, Wood Frame
FLOORING : Vinyl, Partial Carpeting
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Parking Area, Other, Spaces - Assigned
OPERATING EXPENSES : Other
SEPARATE METERS : Electric
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Refrigerator, Disposal, Oven Range Free Standing
TENANT PAYS : Electric
WATER/SEWER : Sewer System - Public
LAUNDRY : Laundry Equip - Leased
Census Tract : 403600
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $6,000
2nd Loan Balance : $196,176
Tot Other Loans : $6,910
Financial Data Verif(Y/N) : 3.90
FINANCIAL DATA SOURCE : Other
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Seller Reserved
Listing Service : Full Service
Special Information : None
Original Price : $2,940,000
Sold Price : $2,800,000
Previous Price : $2,940,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 197201
Annual Gross Sched Inc : 203086
Net Oper Income : 114607
Annual Mgmt Exp : 0
Annual License Exp : 2803
Annual Util Exp : 18672
Other Ann Exp : 0
Tot Ann Oper Exp : 82594
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 4200
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01346283
Gross Rent Multiplier : 14.48
ZIDX Only Street Name : Vernon
Buyer Agent DRE Num. : 01292148
Co List Agent DRE Num. : 00874699
List Agent DRE Num. : 00874699
LA1Agent License ID : 00874699
SA1Agent First Name : NON MEMBER
SA1Agent Last Name : OUT OF AREA
SA1User Code : 206599999
SA1NRDS_ID : 206599999
Annual Vacancy : 5885
Gross Income : 203086
Listing Broker DRE Numbe : 00823860
Sale/Original $ : 95
Annual Exp Yr : 82594
Sale $/SqFt : 350
1st - Yrs Remaining : 0
Sale/Last List $ : 95
Interest Rate : 0
Board ID : OAKLAND BERKELEY
Assessors Parcel No : 10-790-39
Showing : Yes
LO1Main Office ID : 10096
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2800000
Address Search Number : 430
Listing Agent : 34930
Listing Office : 18625
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 24149
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 16
Input Date : 03/11/2015 22:20:00
Update Date : 10/03/2021 11:55:13
PhotoTimestamp : 03/11/2015 22:20:00
First Photo Add Timestamp :
List Date : 22/10/2015
Expire Date :
Pending Date : 26/10/2015
Closing Date : 17/02/2016
Status Date : 29/02/2016
Price Date : 29/02/2016
Off Market Date : 26/10/2015
Status : Sold
Dual Variable : No
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date :
DOMLS : 0
Cumulative DOMLS : 0
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 2
Unit # 1 Air Cond.: No
Unit # 1 Approx. SqFt: 625
Unit # 1 Dining Room: Yes
Unit # 1 Fireplace: No
Unit # 1 Parking Spaces: 10
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 822-1995
Unit 1 # Units This Type?: 9
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 2
Unit # 2 Air Cond.: No
Unit # 2 Approx. SqFt: 850
Unit # 2 Dining Room: Yes
Unit # 2 Fireplace: No
Unit # 2 Parking Spaces: 10
Unit # 2 Range Oven: Yes
Unit # 2 Refrigerator: Yes
Unit # 2 Rent: 1297-2025
Unit 2 # Units This Type?: 3
