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Listed by Joey Wang • Keller Williams Realty
$ 795,000
Est. payment | /mo
3,420 SqFt
$ 795,000
Est. payment | /mo
3,420 SqFt
Open House
Thu Jun 11, 11:00am - 1:00pm
Sun Jun 14, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $232
Subdivision East Oakland
MLS Listing ID 41137414
HOA Y/N No
Year Built 1960
Lot Size 5,300 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Built in 1960 and sitting at the crossroads of two major East Bay commuter corridors, this two-story stucco fourplex on 83rd Ave offers the kind of durable rental fundamentals that hold up over time. The neighborhood draws consistently from a wide tenant base — International Blvd retail and transit within reach, I-580 and I-880 minutes away. All four units share a clean 2-bed/1-bath layout with updated kitchens, dark shaker cabinets, quartz-style counters, gas ranges, fresh laminate flooring, and new paint. Four dedicated parking spaces and three garage bays, one of which transfers to the new owner. Most tenants pay their own utilities. The income story is equally straightforward: $108,804 currently in place at an 8.3% cap, Unit A delivered vacant for immediate lease-up, and two month-to-month tenants sitting below the $2,500 market rent estimate. Stabilized income projects to $126,300. At $198,750 per unit, the opportunity is priced to move.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile, Vinyl
Fireplace No
Building
Lot Description Level, Paved
Water Public
Others
Special Listing Condition Standard
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227