$1,554,500
$1,500,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
1218 13Th Ave Oakland, CA 94606
7,000 Sqft Lot
Key Details
Sold Price $1,554,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40988220
Sold Date 07/22/22
HOA Y/N No
Year Built 1902
Lot Size 7,000 Sqft
Property Description
For patient investors seeking 10% CAP opportunities, sit up and take notice of Oakland’s 1218 13th avenue. Located in the restaurant-laden, walker-friendly (93 Walk Score and a 94 Bike Score) neighborhood of East Peralta, this is a 10-unit property split between two fourplexes (each is a 2X 1BR/1BA, 2X 2BR/1BA layout) and a single duplex (two, 3BR/1BA). Close to Laney College, Lake Merritt, the Oakland Estuary, BART, and Interstate-880, the position of this property is sure to make it a popular choice among future renters, who will no doubt be happy to pay the market rents of $2,050 per unit (nearly 40% more than the current per unit rents of $1,275). Eight of the ten units are individually metered for water, gas, and electricity making it easy for the new owners to pass on utility costs. No onsite parking but ample street parking is available. Current owners of 1218 13th avenue are asking for $150,000 per door. Views: Downtown
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
View Y/N Yes
View Bay
Roof Type Shingle
Others
Tax ID 2011611
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Bought with Joey Wang • Keller Williams Realty