Comm Ri Multi-units 5+ For Sale
13,598 Sqft - 411 Euclid Ave, OAKLAND, California 94610
Property Description
411 Euclid is a 13-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1971, the wood frame and stucco building consists of four stories over garage parking on the ground floor. All of the units are spacious and include two bedrooms and two bathrooms. Several of the units have been renovated to include modern finishes such as: stainless steel appliances, undermount sink, back splashes, new cabinets, wood-style flooring and adding in-unit washer and dryer. These modern finishes have proven a significant upside in rental revenue offering a new investor an estimated 65-percent increase in the net operating income. Market Cap Rate: 6.91% / Market GRM: 10.45
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40943954
Price : $5,495,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 13,598 Sqft
Year Built : 1971
Lot Area : 0.14 Sqft
Features
Heating System : Electric
View : City Lights, Lake
Roof : Flat
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94610
Street : Euclid Ave
Street Number : 411
Floor Number : 0
Longitude : W123° 44' 53.4''
Latitude : N37° 48' 37.1''
MLS Addon
Office Name : MARCUS & MILLICHAP
Building Type : Apt Complex
Area : Oakland Zip Code 94610
Address : 411 Euclid Ave
Cross Street : Van Buren Ave
Directions to Property : North of Grand Ave on Euclid
LA1User Code : R01707768
LA1Agent First Name : JOSEPH
LA1Agent Last Name : OWENS
Status Category : Sold
Tot # Parking Spaces : 14
Tot # of Units : 13
Dist/Nbrhood/Sub : ADAMS POINT
List $/SqFt : $404
Age : 50
Apx Lot Sq Ft : 6,250 Sqft
Type of Building : Apt Complex
Annual Taxes : $82,086
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Extra Storage, Elevator, Security Building
ALL UNITS HAVE : Deck
EQUIPMENT ADDITIONAL : Other
EXTERIOR : Stucco, Wood Frame, Concrete Block
FLOORING : Other
LOT DESCRIPTION : Level, Regular
ON-SITE PARKING DESC : Security Garage, Garage Parking, Space Per Unit - 1
OPERATING EXPENSES : Electric, Gas, Insurance, Janitorial, Maintenance/repair, License/ads, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher
TENANT PAYS : Electric, Gas, Parking
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Community Facility, Inside Unit, In Laundry Room, Laundry Equip - Leased
Census Tract : 40370210
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $388,771
Tot Other Loans : $11,304
Financial Data Verif(Y/N) : 4.53
FINANCIAL DATA SOURCE : Broker
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $5,495,000
Sold Price : $5,495,000
Previous Price : $5,495,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 388412
Annual Gross Sched Inc : 400075
Net Oper Income : 248882
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 0
Other Ann Exp : 0
Tot Ann Oper Exp : 139530
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01453628
Gross Rent Multiplier : 14.13
ZIDX Only Street Name : Euclid Ave
Buyer Agent DRE Num. : 01453628
Co List Agent DRE Num. : 01707768
List Agent DRE Num. : 01707768
Branded Media Link : http://ww.411Euclid.com
LA1Agent License ID : 01707768
SA1Agent First Name : NON MEMBER
SA1Agent Last Name : OUT OF AREA
SA1User Code : 206599999
SA1NRDS_ID : 206599999
Annual Vacancy : 11663
Gross Income : 388412
Listing Broker DRE Numbe : 00530854
Sale/Original $ : 100
Annual Exp Yr : 2021
Sale $/SqFt : 404
1st - Yrs Remaining : 0
Sale/Last List $ : 100
Interest Rate : 0
Board ID : Bridge AOR
Assessors Parcel No : 10-779-4
Showing : By Appointment
SO1Office Abbreviation : SSAK01
SO1Office Name : Bay East AOR
LO1Main Office ID : 10096
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 3161
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 : 5495000
Address Search Number : 411
Listing Agent : 98079
Listing Office : 18625
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 24149
Buying Office 1 : 3161
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 12
Input Date : 02/04/2021 23:35:36
Update Date : 13/07/2021 22:41:51
PhotoTimestamp : 13/07/2021 22:41:52
First Photo Add Timestamp : 02/04/2021 23:39:07
List Date : 02/04/2021
Expire Date :
Pending Date : 22/04/2021
Closing Date : 12/07/2021
Status Date : 13/07/2021
Price Date : 02/04/2021
Off Market Date : 22/04/2021
Status : Sold
Dual Variable : Yes
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 02/04/2021
DOMLS : 20
Cumulative DOMLS : 20
Unit # 1 # of Bathrooms: 2
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 1046
Unit # 1 Parking Spaces: 1
Unit # 1 Rent: 3350
Unit 1 # Units This Type?: 13
