Comm Ri Multi-units 5+ For Sale
5,495 Sqft - 2244 12Th Ave, OAKLAND, California 94606
Property Description
Well maintained seven unit apartment building located in a quiet neighborhood in Lake Merritt area. All large two bedroom units with three units recently renovated within the last three years. Parking lot next to the building. Laundry room in the back of the building. Both provide extra income. Great investment opportunity with Current cap rate 6% and pro forma 8.5%.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40959317
Price : $1,688,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,495 Sqft
Year Built : 1962
Lot Area : 0.17 Sqft
Features
Heating System : Gas, Wall Furnace
Cooling System : Other
Roof : Composition
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94606
Street : 12Th Ave
Street Number : 2244
Floor Number : 0
Longitude : W123° 45' 36.7''
Latitude : N37° 47' 46.5''
MLS Addon
Office Name : BING REALTY
Building Type : 5 Or More Units
Area : Oakland Zip Code 94606
Address : 2244 12Th Ave
Cross Street : E22TH STREET
Directions to Property : 12TH AVE
LA1User Code : R01786139
LA1Agent First Name : Bing
LA1Agent Last Name : Udinsky
Status Category : Sold
Tot # Parking Spaces : 6
Tot # of Units : 7
Dist/Nbrhood/Sub : LAKE MERRITT
List $/SqFt : $307
Age : 59
Apx Lot Sq Ft : 7,500 Sqft
Type of Building : Apt Complex
Annual Taxes : $15,775
Total Deposits : $0
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator
EQUIPMENT ADDITIONAL : Individual Electric Meter, All Public Utilities, Individual Gas Meter, Smoke Detector
EXTERIOR : Stucco
FLOORING : Carpet, Laminate
LOT DESCRIPTION : Level
ON-SITE PARKING DESC : Parking Area
OPERATING EXPENSES : Accounting/legal
SEPARATE METERS : Electric, Gas
TENANT PAYS : Cable Tv, Electric, Gas, Parking
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated, Common Room
Census Tract : Y
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Private
Other Loans (Y/N) : No
1st Loan Balance : $900
2nd Loan Balance : $140,033
Tot Other Loans : $832
Financial Data Verif(Y/N) : 6.16%
FINANCIAL DATA SOURCE : Property Manager
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,788,000
Sold Price : $1,630,000
Previous Price : $1,788,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 140865
Annual Gross Sched Inc : 189832
Net Oper Income : 110087
Annual Mgmt Exp : 1000
Annual License Exp : 5600
Annual Util Exp : 11768
Other Ann Exp : 0
Tot Ann Oper Exp : 36378
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 2334
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01430309
Gross Rent Multiplier : 11.68
ZIDX Only Street Name : 12Th Ave
Buyer Agent DRE Num. : 01522969
Co List Agent DRE Num. : 01876139
List Agent DRE Num. : 01876139
LA1Agent License ID : 01876139
SA1Agent First Name : Davide
SA1Agent Last Name : Pio
SA1Agent License ID : 01522969
SA1User Code : 213502386
SA1NRDS_ID : 213502386
Annual Vacancy : 0
Gross Income : 140865
Listing Broker DRE Numbe : 01876139
Sale/Original $ : 91
Annual Exp Yr : 2020
Sale $/SqFt : 297
1st - Yrs Remaining : 0
Sale/Last List $ : 97
Interest Rate : 0
Board ID : Bridge AOR
Assessors Parcel No : 22-301-15
Showing : BY APPOINTMENT
SO1Office Abbreviation : CCWBBQD
SO1Office Name : BCRE
LO1Main Office ID : 78271
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 39342
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 : 1630000
Address Search Number : 2244
Listing Agent : 294335
Listing Office : 78271
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 139253
Buying Office 1 : 39342
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 5
Input Date : 17/07/2021 17:57:41
Update Date : 24/10/2021 21:10:21
PhotoTimestamp : 24/10/2021 21:10:21
First Photo Add Timestamp : 17/07/2021 17:57:41
List Date : 17/07/2021
Expire Date :
Pending Date : 04/08/2021
Closing Date : 23/10/2021
Status Date : 24/10/2021
Price Date : 24/10/2021
Off Market Date : 04/08/2021
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 : 17/07/2021
DOMLS : 18
Cumulative DOMLS : 18
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 2
Unit # 1 Air Cond.: No
Unit # 1 Approx. SqFt: 780
Unit # 1 Fireplace: No
Unit # 1 Parking Spaces: 1
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 1714
Unit 1 # Units This Type?: 5
