$1,175,000
740 Alcatraz Ave Oakland, CA 94609
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$1,175,000
Est. payment /mo
5,998 Sqft Lot
Price Dropped by $50K
740 Alcatraz Ave Oakland, CA 94609
UPDATED:
10/29/2024 12:17 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41068194
HOA Y/N No
Year Built 1910
Lot Size 5,998 Sqft
Property Description
This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Total Parking Spaces 8
Building
Water Other
Others
Tax ID 1614329
Listed by Willem Bos • COMPASS
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