Comm Ri Multi-units 5+ For Sale
6,194 Sqft - 1414 Oakland Blvd, WALNUT CREEK, California 94596
Property Description
Oak Terrace Apartments is an 8-unit apartment property situated on a .21AC parcel and includes a mix of all 2 bedroom/1 bath units that average +-770 SF each. Over $375k in int. and ext. capital improvements completed. Four floor plans with slight variations within each encompass the eight total units. All unit interiors have been substantially renovated and include such upgrades as new kitchen cabinets, quartz countertops, stainless steel appliances, wood flooring, bath vanities, shower/tub surrounds, raised panel interior doors and new lighting throughout. Significant exterior improvements, incl. new stucco siding, vinyl windows, new handrails and entry doors & new paint. Over $4,900 in add. annual income from RUBS. In place rents average $2,392/month. Turn-key property perfect for 1031 exchange.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40965460
Price : $3,480,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 6,194 Sqft
Year Built : 1969
Lot Area : 0.21 Sqft
Features
Heating System : Wall Furnace
Cooling System : Window/wall Unit(s)
Roof : Unknown
Address Map
Country : US
State : CA
County : Contra Costa
City : WALNUT CREEK
Zipcode : 94596
Street : Oakland Blvd
Street Number : 1414
Floor Number : 0
Longitude : W123° 55' 50.3''
Latitude : N37° 53' 54.8''
MLS Addon
Office Name : Colliers International
Building Type : 5 Or More Units
Area : Walnut Creek
Address : 1414 Oakland Blvd
Cross Street : Mt Diablo Blvd
Directions to Property : Mt. Diablo Blvd to Oakland Blvd
LA1User Code : 183504786BE
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Pending
Tot # Parking Spaces : 12
Tot # of Units : 8
List $/SqFt : $562
Age : 52
Apx Lot Sq Ft : 9,350 Sqft
Type of Building : Apt Complex
Annual Taxes : $43,149
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Wired For Cable Tv
ALL UNITS HAVE : Dishwasher, Refrigerator, Disposal, Microwave, Updated Baths, Updated Kitchen
EQUIPMENT ADDITIONAL : Water Heater Gas, Window Coverings, Individual Electric Meter, Cable Available, Individual Gas Meter, Mirrored Closet Door(s)
EXTERIOR : Siding - Stucco
FLOORING : Vinyl, Carpet
LOT DESCRIPTION : Irregular
ON-SITE PARKING DESC : Covered Parking, Space Per Unit - 1, Uncovered Park Spaces 2+, Carport - 1
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water, Miscellaneous/other
SEPARATE METERS : Electric, Gas
TENANT PAYS : Cable Tv, Electric, Gas, Water, Trash
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Laundry Room, Common Room, Laundry Equip - Leased
Census Tract : 339003
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $6,199
2nd Loan Balance : $229,596
Tot Other Loans : $8,894
Financial Data Verif(Y/N) : 4.73%
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 : $3,480,000
Sold Price : $0
Previous Price : $3,480,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 231542
Annual Gross Sched Inc : 231542
Net Oper Income : 164653
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 8691
Other Ann Exp : 5450
Tot Ann Oper Exp : 66889
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 3400
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 00490878
ZIDX Only Street Name : Oakland Blvd
Buyer Agent DRE Num. : 01505297
Co List Agent DRE Num. : 01505297
List Agent DRE Num. : 01505297
LA1Agent License ID : 01505297
LA1NRDS_ID : 183504786
SA1Agent First Name : Richard
SA1Agent Last Name : Martini
SA1Agent License ID : 01505297
SA1User Code : 183504786BE
SA1NRDS_ID : 183504786
Annual Vacancy : 6888
Gross Income : 231542
Listing Broker DRE Numbe : 00490878
Sale/Original $ : 0
Annual Exp Yr : 66889
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : BAY EAST
Showing : Contact listing agent
SO1Office Abbreviation : SITN05
SO1Office Name : Colliers International
LO1Main Office ID : 83657
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 83657
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 : 3480000
Address Search Number : 1414
Listing Agent : 303080
Listing Office : 83657
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 303080
Buying Office 1 : 83657
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 15
Input Date : 01/09/2021 19:01:55
Update Date : 28/10/2021 22:26:24
PhotoTimestamp : 01/09/2021 19:01:57
First Photo Add Timestamp : 01/09/2021 19:01:57
List Date : 01/09/2021
Expire Date :
Pending Date : 21/10/2021
Closing Date :
Status Date : 28/10/2021
Price Date : 01/09/2021
Off Market Date : 21/10/2021
Status : Pending
Dual Variable : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date : 15/10/2021
LVT Date : 01/09/2021
DOMLS : 37
Cumulative DOMLS : 37
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 2
Unit # 1 Air Cond.: Yes
Unit # 1 Approx. SqFt: 770
Unit # 1 Dining Room: No
Unit # 1 Fireplace: No
Unit # 1 Parking Spaces: 1
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 2392
Unit 1 # Units This Type?: 8
