Comm Ri Multi-units 5+ For Sale
4,480 Sqft - 9693 Cherry St, OAKLAND, California 94603
Property Description
9693 Cherry Street presents an excellent opportunity to purchase a 5-unit building with a unit mix of four 3 bdrms/1 bth and one 4 bdrms/2 bth units. The property features spacious units, 6 off-street parking spaces,dual pane windows, updated kitchens and inside laundry. Built in 1966 consisting of 4480 square feet on a 7500 square foot lot with low maintenance and separately metered for gas, electric and water. The property provides low annual expenses with significant upside in rents making this an excellent investment. One unit will be delivered vacant at the close of escrow.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40910768
Price : $1,299,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,480 Sqft
Year Built : 1966
Lot Area : 0.17 Sqft
Features
Heating System : Other Heat
Cooling System : Ceiling Fan(s)
Roof : Other
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94603
Street : Cherry St
Street Number : 9693
Floor Number : 0
Longitude : W123° 49' 58.8''
Latitude : N37° 44' 49.1''
MLS Addon
Office Name : Ind Rlty-DeMattei & Assoc
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94603
Address : 9693 Cherry St
Cross Street : 98th Avenue
Directions to Property : 98th to Cherry
LA1User Code : 206508197
LA1Agent First Name : Bert
LA1Agent Last Name : Aranda
Status Category : Sold
Tot # Parking Spaces : 5
Tot # of Units : 5
List $/SqFt : $290
Age : 54
Apx Lot Sq Ft : 7,500 Sqft
Type of Building : Apt Complex
Annual Taxes : $19,640
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator, Patio
EQUIPMENT ADDITIONAL : Water Heater Gas
EXTERIOR : Stucco, Wood Siding
FLOORING : Tile, Laminate, Partial Carpeting
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Parking Area, Off Site Parking
OPERATING EXPENSES : Insurance, Maintenance/repair, License/ads, Property Tax/assessments, Trash Removal, Vacancy Factor
SEPARATE METERS : Electric, Gas, Water
SOME UNITS HAVE : Patio, Updated Kitchen, Refrigerator, Oven Range Free Standing, Deck
TENANT PAYS : Electric, Gas, Water
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Closet
Census Tract : 4103
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $3,000
2nd Loan Balance : $117,135
Tot Other Loans : $0
Financial Data Verif(Y/N) : 6.88
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 : $1,299,000
Sold Price : $1,125,000
Previous Price : $1,299,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 119250
Annual Gross Sched Inc : 119250
Net Oper Income : 89485
Annual Mgmt Exp : 0
Annual License Exp : 1000
Annual Util Exp : 1250
Other Ann Exp : 1000
Tot Ann Oper Exp : 27650
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 2760
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01988938
Gross Rent Multiplier : 9.17
ZIDX Only Street Name : Cherry St
Buyer Agent DRE Num. : 01074563
Co List Agent DRE Num. : 00849436
List Agent DRE Num. : 00849436
LA1Agent License ID : 00849436
LA1NRDS_ID : 206508197
SA1Agent First Name : Non-member
SA1Agent Last Name : 999999
SA1User Code : QB999999
SA1NRDS_ID : 999999
Annual Vacancy : 2385
Gross Income : 119250
Listing Broker DRE Numbe : 00368908
Sale/Original $ : 87
Annual Exp Yr : 2019
Sale $/SqFt : 251
1st - Yrs Remaining : 0
Sale/Last List $ : 87
Interest Rate : 0
Board ID : BAY EAST
Assessors Parcel No : 46-5441-12
Showing : Subject to inspection
SO1Office Abbreviation : QB999999
SO1Office Name : Non-member Office
LO1Main Office ID : 3218
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 25553
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 : 1125000
Address Search Number : 9693
Listing Agent : 18878
Listing Office : 3218
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 98392
Buying Office 1 : 25553
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 2
Input Date : 02/07/2020 19:14:20
Update Date : 24/06/2021 21:05:55
PhotoTimestamp : 02/07/2020 19:14:25
First Photo Add Timestamp : 02/07/2020 19:14:25
List Date : 02/07/2020
Expire Date :
Pending Date : 24/07/2020
Closing Date : 12/08/2020
Status Date : 12/08/2020
Price Date : 12/08/2020
Off Market Date : 24/07/2020
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 : 02/07/2020
DOMLS : 22
Cumulative DOMLS : 22
Unit # 1 # of Bathrooms: 2
Unit # 1 # of Bedrooms: 4
Unit # 1 Parking Spaces: 1
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 1695
Unit 1 # Units This Type?: 1
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 3
Unit # 2 Parking Spaces: 1
Unit # 2 Range Oven: Yes
Unit # 2 Refrigerator: Yes
Unit # 2 Rent: 1755
Unit 2 # Units This Type?: 2
Unit # 3 # of Bathrooms: 1
Unit # 3 # of Bedrooms: 3
Unit # 3 Parking Spaces: 1
Unit # 3 Range Oven: No
Unit # 3 Refrigerator: Yes
Unit 3 # Units This Type?: 1
Unit # 4 # of Bathrooms: 1
Unit # 4 # of Bedrooms: 3
Unit # 4 Parking Spaces: 1
Unit # 4 Range Oven: Yes
Unit # 4 Refrigerator: Yes
Unit # 4 Rent: 3000
Unit 4 # Units This Type?: 1
