Comm Ri Multi-units 5+ For Sale
6,425 Sqft - 2915 Martin Luther King Jr Way, OAKLAND, California 94609
Property Description
Price $1,725,000 | 8 Units | 6,425 SF | $268/SF | 5.77% CAP | 10.31 GRM PROPERTY HIGHLIGHTS • 8 Units in the highly desirable West Oakland submarket • High Vacancy Deal – 7 units delivered vacant • Off-street parking and garage spaces for tenants • Well-maintained property cared for with a great pride of ownership under current management • Great opportunity for a buyer to remodel units and pick their own tenants creating a great cash flowing asset Location Overview • Walk Score 92 (Walker’s Paradise) • Strong West Oakland location – short walk to Downtown Oakland and 19th St BART • Short walk to many local retailers including diners, restaurants, convenience stores, a gym and much more • Quick commute to neighboring Bay Area cities including San Francisco, Berkeley and other major employment hubs
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40951504
Price : $1,715,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 6,425 Sqft
Year Built : 1928
Lot Area : 0 Sqft
Features
Heating System : No Heat
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94609
Street : Martin Luther King Jr Way
Street Number : 2915
Floor Number : 0
Longitude : W123° 43' 43''
Latitude : N37° 49' 8.9''
MLS Addon
Office Name : Transwestern Property Co.
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94609
Address : 2915 Martin Luther King Jr Way
Cross Street : 29th St
Directions to Property : Martin Luther King Jr Way
LA1User Code : 198034144
LA1Agent First Name : Robert
LA1Agent Last Name : Dau
Status Category : Sold
Tot # Parking Spaces : 8
Tot # of Units : 8
List $/SqFt : $267
Age : 93
Apx Lot Sq Ft : 7,700 Sqft
Type of Building : Apt Complex
Annual Taxes : $23,696
Total Deposits : $0
LOT DESCRIPTION : No Lot
ON-SITE PARKING DESC : No Garage
Census Tract : 94609
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $7,000
2nd Loan Balance : $167,388
Tot Other Loans : $0
Financial Data Verif(Y/N) : 5.77
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Limited Service
Special Information : None
Original Price : $1,725,000
Sold Price : $1,715,000
Previous Price : $1,725,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 162366
Annual Gross Sched Inc : 167388
Net Oper Income : 99545
Annual Mgmt Exp : 10194
Annual License Exp : 2844
Annual Util Exp : 12338
Other Ann Exp : 0
Tot Ann Oper Exp : 62822
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 2296
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : Robert Dau
Gross Rent Multiplier : 10.31
ZIDX Only Street Name : Martin Luther King Jr Way
Buyer Agent DRE Num. : 01992248
Co List Agent DRE Num. : 01992248
Co Sell Agent DRE Num. : 01992248
List Agent DRE Num. : 01992248
LA1Agent License ID : 01992248
LA1NRDS_ID : 198034144
SA1Agent First Name : Robert
SA1Agent Last Name : Dau
SA1Agent License ID : 01992248
SA1User Code : 198034144
SA1NRDS_ID : 198034144
Annual Vacancy : 5022
Gross Income : 167388
Listing Broker DRE Numbe : 01992248
Sale/Original $ : 99
Annual Exp Yr : 62822
Sale $/SqFt : 267
1st - Yrs Remaining : 0
Sale/Last List $ : 100
Interest Rate : 0
Board ID : BAY EAST
Showing : Contact Listing Agent
SO1Office Abbreviation : SDWQ02
SO1Office Name : Transwestern Property Co.
LO1Main Office ID : 84392
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 84392
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 : 1715000
Address Search Number : 2915
Listing Agent : 308034
Listing Office : 84392
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 308034
Buying Office 1 : 84392
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 8
Input Date : 26/05/2021 04:16:11
Update Date : 15/06/2021 23:13:23
PhotoTimestamp : 15/06/2021 23:13:23
First Photo Add Timestamp : 26/05/2021 04:16:35
List Date : 25/05/2021
Expire Date :
Pending Date : 08/06/2021
Closing Date : 15/06/2021
Status Date : 15/06/2021
Price Date : 15/06/2021
Off Market Date : 08/06/2021
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 : 25/05/2021
DOMLS : 14
Cumulative DOMLS : 14
