Comm Ri Multi-units 5+ For Sale
5,020 Sqft - 3285 Delaware St, OAKLAND, California 94602
Property Description
No rent control!!! High Cash Flow 3285 Delaware is an attractive newer construction building in the sought-after Laurel neighborhood of Oakland. The building consists of 8 well-maintained units with a mix of 6 large 1 bedrooms and 2 – 2 bedrooms with 8 dedicated off street parking spaces. Units have similar layouts with small breakfast areas, dishwashers and garbage disposals, lots of storage, and natural sunlight coming from all sides. Two units have been extensively remodeled, with high-end finishes. The building received a new roof in 2016 and has been recently painted. There is on-site laundry and the property is separately metered for gas & electric which keeps operating costs down. Priced at over a 5% cap rate, this is a high quality cashflow investment in a quiet location above 580.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40846798
Price : $2,150,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,020 Sqft
Year Built : 1985
Lot Area : 114 Sqft
Features
Heating System : Wall Furnace
View : Other
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94602
Street : Delaware St
Street Number : 3285
Floor Number : 0
Longitude : W123° 47' 47''
Latitude : N37° 47' 35.7''
MLS Addon
Office Name : COMPASS
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94602
Address : 3285 Delaware St
Cross Street : 35th Ave
Directions to Property : 35th Ave exit above 580
LA1User Code : R01816078
LA1Agent First Name : BEN
LA1Agent Last Name : WEIL
Status Category : Sold
Tot # Parking Spaces : 8
Tot # of Units : 8
Dist/Nbrhood/Sub : LAUREL DISTRICT
List $/SqFt : $428
Age : 33
Apx Lot Sq Ft : 5,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $31,965
Total Deposits : $0
ALL UNITS HAVE : Dishwasher, Oven Range Free Standing, Refrigerator, Disposal, Microwave
DISABLED FEATURES : Other
EQUIPMENT ADDITIONAL : Dryer, Washer
EXTERIOR : Wood Siding
FLOORING : Carpet, Laminate
LOT DESCRIPTION : Other
ON-SITE PARKING DESC : Parking Area, Space Per Unit - 1
OPERATING EXPENSES : Insurance, Maintenance/repair, Trash Removal, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Dishwasher, Disposal, Microwave
TENANT PAYS : Cable Tv, Electric, Gas
UNITS-OTHER : Other
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Dryer, Washer, 220 Volt Outlet
Census Tract : NO
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $2,800
2nd Loan Balance : $166,895
Tot Other Loans : $1,440
Financial Data Verif(Y/N) : 5.25
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Seller Reserved
Listing Service : Full Service
Special Information : None
Original Price : $2,150,000
Sold Price : $2,100,000
Previous Price : $2,150,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 168335
Annual Gross Sched Inc : 168335
Net Oper Income : 112855
Annual Mgmt Exp : 0
Annual License Exp : 2574
Annual Util Exp : 10856
Other Ann Exp : 0
Tot Ann Oper Exp : 52142
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 3927
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 00530854
Gross Rent Multiplier : 12.9
ZIDX Only Street Name : Delaware St
Buyer Agent DRE Num. : 01722847
Co List Agent DRE Num. : 01816078
List Agent DRE Num. : 01816078
LA1Agent License ID : 01816078
SA1Agent First Name : Ismael
SA1Agent Last Name : Benhamida
SA1Agent License ID : 01722847
SA1User Code : ML288371
SA1NRDS_ID : 206526008
Annual Vacancy : 3338
Gross Income : 168335
Listing Broker DRE Numbe : 01935359
Sale/Original $ : 98
Annual Exp Yr : 52142
Sale $/SqFt : 418
1st - Yrs Remaining : 0
Sale/Last List $ : 98
Interest Rate : 0
Board ID : OAKLAND BERKELEY
Assessors Parcel No : 028095201400
Showing : Appointment only
SO1Office Abbreviation : ML88226
SO1Office Name : Marcus & Millichap
LO1Main Office ID : 15809
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 37518
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 : 2100000
Address Search Number : 3285
Listing Agent : 92631
Listing Office : 15809
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 149680
Buying Office 1 : 37518
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 11
Input Date : 27/11/2018 08:33:51
Update Date : 10/03/2021 14:24:26
PhotoTimestamp : 27/11/2018 08:50:18
First Photo Add Timestamp : 27/11/2018 08:38:38
List Date : 27/11/2018
Expire Date :
Pending Date : 24/12/2018
Closing Date : 27/06/2019
Status Date : 28/06/2019
Price Date : 28/06/2019
Off Market Date : 24/12/2018
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 : 27/11/2018
DOMLS : 27
Cumulative DOMLS : 27
