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Listed by Jeffrey Rosenbloom • Red Oak Realty
$ 925,000
Est. payment | /mo
5,009 SqFt
$ 925,000
Est. payment | /mo
5,009 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 5,009 sqft
Price per Sqft $184
Subdivision West Oak
MLS Listing ID 41126987
HOA Y/N No
Year Built 1899
Lot Size 3,464 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
Building has 2 story portion that contains 3 units and an attached warehouse that has official designation as live-work space, which creates the 4th unit. Significant improvements over the years to upgrade the front 3 units (2 loft-style spaces and one 3-bed unit). Upstairs 3-bed unit has tall ceilings, hardwood floors, large updated kitchen and updated bath. Two loft-style units on first floor also have tall ceilings, updated kitchen and baths. Foundation was rebuilt in 2002 along with upgraded electrical service for all 4 units. No galvanized pipe, knob/tube wiring or old breakers. Warehouse was converted to Live/Work space and boasts over 2,100 sq feet, new kitchen and new bathrooms along with roll-up door and three historic large lockers with thick walls that can be great workspaces. Long back wall of warehouse was upgraded with foundation bolts, shear, and new siding. Both roofs were replaced within the last 6 years along with 2025 repairs to flat roof. Excellent cash flow as investment property or defraying expenses for owner-occupant. Strong CAP rate of 7.9% and GRM of 8.2 representing serious cash flow out of the gate.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Concrete, Hardwood
Fireplace No
Window Features Window Coverings,Skylight(s)
Appliance Dishwasher, Dryer, Washer, Electric Water Heater, Tankless Water Heater
Laundry Dryer, In Unit, Washer
Exterior
View City Lights
Building
Lot Description Rectangular Lot
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
Others
Special Listing Condition Standard
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