Comm Ri Multi-units 5+ For Sale
4,280 Sqft - 3201 Adeline St, OAKLAND, California 94608
Property Description
14-unit multifamily property located in Oakland on the Emeryville border. The property consists of 14 studio apartments, greatly increasing the price/SF rental yield and lowering maintenance and utility expenses. The building sits above eight covered parking spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers updated units with on-site laundry and tenant storage lockers. In addition, the property offers a significant value-add component, allowing the new owner impressive upside potential upon unit turnover. Located in Oakland’s Clawson neighborhood just two blocks from Emeryville. Situated near the Bay Bridge Shopping Center, the property gives tenants the convenience of Target, Starbucks Coffee, Ikea, Best Buy, and much more all within walking distance. Tenants may also indulge in the best of Bay Street’s restaurants and activities including the AMC Bay Street Movie Theater, Barnes and Noble, PF Changs.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40922728
Price : $2,395,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,280 Sqft
Year Built : 1964
Lot Area : 0.11 Sqft
Features
Heating System : See Remarks
Roof : Unknown
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94608
Street : Adeline St
Street Number : 3201
Floor Number : 0
Longitude : W123° 43' 7.5''
Latitude : N37° 49' 26.3''
MLS Addon
Office Name : Joseph M. Tapia, Broker
Building Type : Lowrise (1-3 Flrs)
Area : Oakland Zip Code 94608
Address : 3201 Adeline St
Cross Street : 32nd St
Directions to Property : 32nd St to Adeline
LA1User Code : R02008347
LA1Agent First Name : TIMOTHY
LA1Agent Last Name : WARREN
Status Category : Sold
Tot # Parking Spaces : 12
Tot # of Units : 14
List $/SqFt : $560
Age : 57
Apx Lot Sq Ft : 4,554 Sqft
Type of Building : Apt Complex
Annual Taxes : $32,782
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Extra Storage, Security Building
ALL UNITS HAVE : Deck, Refrigerator, Patio
DISABLED FEATURES : Other
EQUIPMENT ADDITIONAL : Individual Electric Meter, Security Gate, Individual Gas Meter, None
EXTERIOR : Stucco
FLOORING : Tile, Laminate
LOT DESCRIPTION : Corner
ON-SITE PARKING DESC : Covered Parking
OPERATING EXPENSES : Other
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Refrigerator, Deck
TENANT PAYS : Electric, Gas
WATER/SEWER : Sewer System - Public, Water District
Census Tract : Unknown
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $5,600
2nd Loan Balance : $231,012
Tot Other Loans : $0
Financial Data Verif(Y/N) : 6.25
FINANCIAL DATA SOURCE : Estimated
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,395,000
Sold Price : $2,150,000
Previous Price : $2,395,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 231012
Annual Gross Sched Inc : 231012
Net Oper Income : 149587
Annual Mgmt Exp : 8618
Annual License Exp : 1359
Annual Util Exp : 15050
Other Ann Exp : 0
Tot Ann Oper Exp : 74494
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 2140
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 01870488
Gross Rent Multiplier : 10.37
ZIDX Only Street Name : Adeline St
Buyer Agent DRE Num. : 02008347
Co List Agent DRE Num. : 02008347
List Agent DRE Num. : 02008347
LA1Agent License ID : 02008347
SA1Agent First Name : TIMOTHY
SA1Agent Last Name : WARREN
SA1Agent License ID : 02008347
SA1User Code : R02008347
Annual Vacancy : 6930
Gross Income : 231012
Listing Broker DRE Numbe : 01870488
Sale/Original $ : 90
Annual Exp Yr : 74494
Sale $/SqFt : 502
1st - Yrs Remaining : 0
Sale/Last List $ : 90
Interest Rate : 0
Board ID : Bridge AOR
Showing : Contact Agent
SO1Office Abbreviation : OBOJMTB
SO1Office Name : Joseph M. Tapia, Broker
LO1Main Office ID : 41278
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 41278
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : No
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2150000
Address Search Number : 3201
Listing Agent : 302051
Listing Office : 41278
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 302051
Buying Office 1 : 41278
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 9
Input Date : 26/09/2020 22:11:18
Update Date : 27/05/2021 03:10:16
PhotoTimestamp : 27/05/2021 03:10:16
First Photo Add Timestamp : 26/09/2020 22:11:20
List Date : 26/09/2020
Expire Date :
Pending Date : 25/03/2021
Closing Date : 26/05/2021
Status Date : 26/05/2021
Price Date : 26/05/2021
Off Market Date : 25/03/2021
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 : 26/09/2020
DOMLS : 180
Cumulative DOMLS : 364
