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In-PersonVirtual Tour
$ 795,000
Est. payment | /mo
5,301 Sqft Lot
$ 795,000
Est. payment | /mo
5,301 Sqft Lot
Open House
Sun Jun 14, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision East Oakland
MLS Listing ID 41137414
HOA Y/N No
Year Built 1960
Lot Size 5,301 Sqft
Property Sub-Type Quadruplex
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
Zoning RM-2
Interior
Heating Wall Furnace
Flooring Tile, Vinyl
Fireplace No
Exterior
Total Parking Spaces 4
Building
Lot Description Front Yard, Street Level
Others
Tax ID 434572182
Listed by Joey Wang Keller Williams Realty #01890931
Nearby Locations
Douglas Edward Christensen
Agent | License ID: DRE#02023675
+1(310) 809-1762 | doug.edward.christensen@gmail.com