Comm Ri Multi-units 5+ For Sale
7,280 Sqft - 6106 Hilton St, OAKLAND, California 94605
Property Description
HUGE PRICE REDUCTION!! Great investment find! Located between the Fairfax & Bancroft Business District of Oakland with easy access to the freeway. This building has 8 units, all of which are 2 beds/ 1 bath. The compound is gated and each unit has an assigned carport. Property has in-complex laundry facility and storage units offering an income upside. With in-place rental income that is approximately 45% below market rate there is potential to nearly double the net operating income by stabilizing the asset over the long term. Seller is also selling building next door (6108 Hilton St) and would prefer to sell the properties combined.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40802846
Price : $1,300,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 7,280 Sqft
Year Built : 1965
Lot Area : 0.26 Sqft
Features
Heating System : Wall Furnace
Cooling System : Other
View : Other
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94605
Street : Hilton St
Street Number : 6106
Floor Number : 0
Longitude : W123° 48' 29.1''
Latitude : N37° 46' 8.3''
MLS Addon
Office Name : Keller Williams Realty
Building Type : Apt Complex
Area : Oakland Zip Code 94605
Address : 6106 Hilton St
Cross Street : Seminary
Directions to Property : Seminary left at Hilton
LA1User Code : 159523102
LA1Agent First Name : Sheila
LA1Agent Last Name : Zarekari
Status Category : Sold
Tot # Parking Spaces : 8
Tot # of Units : 8
List $/SqFt : $179
Age : 53
Apx Lot Sq Ft : 11,400 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ADDTL FEATURES MISC. : Garden, Extra Storage, Play Area
ALL UNITS HAVE : Refrigerator, Oven Range Built-in
EXTERIOR : Stucco
FLOORING : Linoleum, Vinyl, Tile, Laminate, Partial Carpeting
LOT DESCRIPTION : Regular
ON-SITE PARKING DESC : Covered Parking, Space Per Unit - 1, Carport - 1
SEPARATE METERS : Electric, Gas
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
LAUNDRY : Community Facility, Coin Operated, Laundry Equip - Owned
Census Tract : 4087.00
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Accountant
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,600,000
Sold Price : $1,275,000
Previous Price : $1,425,000
Sale $/SqFt : $0
