Comm Ri Multi-units 5+ For Sale
4,752 Sqft - 2575 Fruitvale Ave, OAKLAND, California 94601
Property Description
Well maintained building in the Fruitvale. 8-units all 1-br. True 5.8% CAP RATE on current income. Approximately 28% upside in rents; 8.32% market CAP RATE. 6-car off-street parking in Lot. $284 / SqFt. Add approximately 20bps to current cap rate for available banked rents. Offering Memorandum available.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40916341
Price : $1,350,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,752 Sqft
Year Built : 1912
Lot Area : 0.12 Sqft
Features
Heating System : Other Heat
Roof : See Remarks
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94601
Street : Fruitvale Ave
Street Number : 2575
Floor Number : 0
Longitude : W123° 46' 44.6''
Latitude : N37° 47' 20.9''
MLS Addon
Office Name : John Warner, Broker
Building Type : 5 Or More Units
Area : Oakland Zip Code 94601
Address : 2575 Fruitvale Ave
Cross Street : Blossom
Directions to Property : Fruitvale & Blossom
LA1User Code : QS811364
LA1Agent First Name : Angus
LA1Agent Last Name : MacDonald
Status Category : Sold
Tot # Parking Spaces : 6
Tot # of Units : 8
List $/SqFt : $284
Age : 108
Apx Lot Sq Ft : 5,000 Sqft
Type of Building : Apt Complex
Annual Taxes : $18,479
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
DISABLED FEATURES : See Remarks
EXTERIOR : Stucco
FLOORING : Other
LOT DESCRIPTION : Other
ON-SITE PARKING DESC : Parking Area, Spaces - Assigned, No Garage
OPERATING EXPENSES : Other
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Other
TENANT PAYS : Cable Tv, Electric, Gas
WATER/SEWER : Other
LAUNDRY : Other
Census Tract : 4087
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $4,000
2nd Loan Balance : $134,976
Tot Other Loans : $0
Financial Data Verif(Y/N) : 6.50
FINANCIAL DATA SOURCE : Owner, Property Manager, Accountant
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,350,000
Sold Price : $1,253,000
Previous Price : $1,350,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 134976
Net Oper Income : 0
Annual Mgmt Exp : 5940
Annual License Exp : 0
Annual Util Exp : 7823
Other Ann Exp : 3506
Tot Ann Oper Exp : 42688
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 2940
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01249361
Gross Rent Multiplier : 9.9
ZIDX Only Street Name : Fruitvale Ave
Buyer Agent DRE Num. : 01917196
Co List Agent DRE Num. : 01917196
List Agent DRE Num. : 01917196
LA1Agent License ID : 01917196
LA1NRDS_ID : 159522050
SA1Agent First Name : Angus
SA1Agent Last Name : MacDonald
SA1Agent License ID : 01917196
SA1User Code : QS811364
SA1NRDS_ID : 159522050
Annual Vacancy : 5
Gross Income : 134976
Listing Broker DRE Numbe : 01249361
Sale/Original $ : 93
Annual Exp Yr : 43199
Sale $/SqFt : 264
1st - Yrs Remaining : 0
Sale/Last List $ : 93
Interest Rate : 0
Board ID : QUATTRO San Francisco
Assessors Parcel No : 26-768-11
Showing : Call Listing Agent
SO1Office Abbreviation : QSJAWR
SO1Office Name : John Warner, Broker
LO1Main Office ID : 77154
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 77154
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 : 1253000
Address Search Number : 2575
Listing Agent : 156114
Listing Office : 77154
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 156114
Buying Office 1 : 77154
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 39
Input Date : 12/08/2020 18:41:27
Update Date : 28/04/2021 21:49:40
PhotoTimestamp : 28/04/2021 21:49:40
First Photo Add Timestamp : 12/08/2020 18:41:29
List Date : 12/08/2020
Expire Date :
Pending Date : 10/02/2021
Closing Date : 23/03/2021
Status Date : 28/04/2021
Price Date : 28/04/2021
Off Market Date : 10/02/2021
Status : Sold
Dual Variable : No
HOA : No
City Transfer Tax : Yes
Point of Sale Ordinance : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 12/08/2020
DOMLS : 182
Cumulative DOMLS : 182
