See all 23 photos

$1,599,000

Est. payment - /mo

Save

4,321 Sqft Lot

Price Dropped by $51K

3607 Maple Ave Oakland, CA 94602

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/27/2024 12:07 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41069971

HOA Y/N No

Year Built 1927

Lot Size 4,321 Sqft

Property Description

4-unit apartment complex with solid current cash flow and excellent rental upside. The current cap rate is 6.65% and the current GRM is 11.12. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The two best units will be delivered vacant making for a perfect opportunity for an owner-occupant or investor. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and sits on a 4,323 square foot lot with a large center courtyard. All units were completely renovated in 2014 and there is no deferred maintenance creating a turn-key investment for the new owner. All the units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. Maintenance is low and the property is separately metered for PG&E providing for low annual expenses. This is a perfect opportunity for any investor seeking strong cash flow in one of the most attractive locations in Oakland. This is an excellent Oakland location in the Dimond district East of HWY580 near countless restaurants, coffee shops, and shopping.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Garage Other

Parking Type Other

Building

Sewer Public Sewer

Others

Tax ID 2997736

Listed by David Howarth • The Pinza Group, Inc

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search