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Showing: Sunday 2/8 from 12-1pm 667 10th St 4 Unit Apartment Building $1,361,458 CAD ($340,365 CAD/Unit) 6.40% Cap Rate Oakland, CA 94607

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Investment Highlights

Showing: Sunday 2/8 from 12-1pm
Attractive Unit Mix of One 3bd/1bth Unit, Two 2bd/1bth Units, and One Studio Unit
Vacant 2bd/1bth Unit at Closing - Perfect for Owner-Occupant

4-unit Apartment Complex with Strong Current Income and Excellent Rental Upside
Attractive Oakland Location Near Downtown Oakland with Easy Access to BART, San Francisco, and Berkeley
Separately Metered for Water, Gas, and Electric with Low Annual Operating Expenses

Executive Summary

Extra Large 4,816 square foot 4-unit apartment complex near Downtown Oakland with strong current income and excellent rental upside. Seller financing is available with excellent terms! The unit mix is ideal and offers one 3bd/1bth unit, two 2bd/1bth units, and one studio unit. The top-story, 2bd/1bth unit, will be delivered vacant at close of escrow, making a perfect opportunity for an owner-occupant. The property is separately metered for water and PG&E providing for low annual operating expenses. The building is occupied with nice, professional tenants that are easy to manage. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The units have been remodeled with newer kitchens, bathrooms, hardwood floors, custom lighting, in-unit washer dryers, a new roof, and a nice backyard area. This is a perfect opportunity for owner-user looking to occupy one or more units or an investor seeking great cash flow on a quiet block near downtown Oakland. This is a high-demand location walking distance to all the restaurants, coffee shops, and jobs in Downtown Oakland. This location is extremely convenient and is near multiple BART stations with immediate access to HWY980, HWY880, and HWY580 providing for short commute to San Francisco, Berkeley, and other areas in Oakland.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

Property Facts

Price	$1,361,458 CAD	Apartment Style	Low-Rise
Price Per Unit	$340,365 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.05 AC
Cap Rate	6.40%	Building Size	4,816 SF
Gross Rent Multiplier	11.71	Average Occupancy	75%
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built	1909
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,361,458 CAD
Price Per Unit	$340,365 CAD
Sale Type	Investment
Cap Rate	6.40%
Gross Rent Multiplier	11.71
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.05 AC
Building Size	4,816 SF
Average Occupancy	75%
No. Stories	3
Year Built	1909
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.