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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40983372
Sold Date 04/07/22
HOA Y/N No
Year Built 1924
Lot Size 4,477 Sqft
Property Sub-Type Quadruplex
Property Description
Offer date is set March 16th, 4PM. The building comprises four spacious 1 bed/1 bath units with no vacancies. The property has 3 large storage rooms with a welcoming, peaceful Shangri-La. Immediate distance of Piedmont. This beautifully maintained, vintage 1920s 4plex w/strong cash flow is a rewarding investment opportunity on the Oakland/Piedmont border with great upside potential. A walker's paradise, less than 10 min to shops and restaurants, dog park & Rose Garden. The property has undergone recent capital improvements in 2022 such as a new water heater and the complete repair of rear exit staircases. New owner to explore the ADU options to replace 3 large storage outbuilding and bank new rent increases. Current rent: $98,900 with 15.4 GRM. Walking score of 94.
Location
State CA
County Alameda
Interior
Flooring Laminate, Wood
Fireplace No
Building
Lot Description Back Yard, Corner Lot, Sprinklers In Front, Sprinklers Timer
Sewer Public Sewer
Others
Tax ID 1298924
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Justine Francis • Keller Williams Realty