Properties

Comm Ri Multi-units 5+ For Sale

5,680 Sqft - 6526 Lucas Ave, OAKLAND, California 94611

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Property Description

Rare opportunity to own 8–units in prestigious Montclair Village. Two side by side 4-plexes (6526 & 6536 Lucas) on separate lots to be sold together as one. Each unit is split level with 1-bedroom, hardwood floors, secure garage, and is separately metered for the tenant to pay water, gas and electric utilities-the owner pays garbage; each unit has in-unit laundry. The buildings have low expenses (currently 26% of GSI) and there is significant upside in rents compared to current market rent. Centrally located, the complex has strong tenant demand and is just minutes to shops, BART, the AC Transit Bus to San Francisco, restaurants, schools, freeway access, walking/riding trails and an array of parks for recreational activities. Building 6526 has 220-volts to the gas dryers, building 6536 has 110-volts to the electric dryers.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40835491
Price : $2,800,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,680 Sqft
Year Built : 1951
Lot Area : 0.15 Sqft
Features
Heating System : Gas, Wall Furnace
Basement : Unfinished
View : Hills, Wooded
Roof : Unknown, Rolled Composition
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94611
Street : Lucas Ave
Street Number : 6526
Floor Number : 0
Longitude : W123° 47' 31.3''
Latitude : N37° 49' 35.6''
MLS Addon
Office Name : Better Homes Realty
Building Type : Other
Area : Oakland Zip Code 94611
Address : 6526 Lucas Ave
Cross Street : LaSalle Ave
Directions to Property : Moraga-LaSalle-Right on Lucas
LA1User Code : 206515290
LA1Agent First Name : Kevin
LA1Agent Last Name : Brown
Status Category : Sold
Tot # Parking Spaces : 8
Tot # of Units : 8
List $/SqFt : $493
Age : 67
Apx Lot Sq Ft : 6,623 Sqft
Type of Building : Apt Complex
Annual Taxes : $11,456
Total Deposits : $0
ADDTL FEATURES MISC. : Wired For Cable Tv, Extra Storage
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator
EQUIPMENT ADDITIONAL : Garage Door Opener, Water Heater Gas
EXTERIOR : Stucco, Wood Frame
FLOORING : Hardwood Floors
LOT DESCRIPTION : Up Slope
ON-SITE PARKING DESC : Attached Garage, Security Garage, Garage Parking, Space Per Unit - 1
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, Accounting/legal, License/ads, Other, Property Tax/assessments, Trash Removal
SEPARATE METERS : Electric, Gas, Water
TENANT PAYS : Electric, Gas, Water
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Inside Unit, Dryer, Washer, Laundry Equip - Owned, 220 Volt Outlet
Census Tract : .024015
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $2,600
2nd Loan Balance : $173,652
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner, Tax Return
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,800,000
Sold Price : $2,770,000
Previous Price : $2,800,000
Concessions : $30,000 credit for NRCC from $2.8M
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40835491
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 5,680 Sqft
$2,800,000
Agent info
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