Comm Ri Multi-units 5+ For Sale
4,038 Sqft - 1947 22Nd St, OAKLAND, California 94606

Property Description
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40845547
Price : $999,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,038 Sqft
Year Built : 1964
Lot Area : 0.16 Sqft
Features
Heating System : Wall Furnace
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94606
Street : 22Nd St
Street Number : 1947
Floor Number : 0
Longitude : W123° 45' 55''
Latitude : N37° 47' 29.3''
MLS Addon
Office Name : Infinity Investments
Building Type : Apt Complex
Area : Oakland Zip Code 94606
Address : 1947 E 22Nd St
Cross Street : 19th Ave
Directions to Property : 1947 E. 22nd St., Oakland, CA
Address Direction : E
LA1User Code : 183506751
LA1Agent First Name : Steven
LA1Agent Last Name : Peterson
Status Category : Sold
Tot # Parking Spaces : 5
Tot # of Units : 5
List $/SqFt : $247
Age : 55
Apx Lot Sq Ft : 7,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $17,316
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio
EXTERIOR : Stucco
FLOORING : Laminate
LOT DESCRIPTION : Down Slope
ON-SITE PARKING DESC : Covered Parking
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public
LAUNDRY : Other
Census Tract : 4059.01
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $3,000
2nd Loan Balance : $95,962
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,100,000
Sold Price : $980,000
Previous Price : $1,050,000
Sale $/SqFt : $0