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    593 8Th St

    Oakland, CA 94607
    • $1,085,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: 40931618
    UPDATED: 173 min ago
    $1,085,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1865
    County:
    Area:

    School Ratings & Info

    Description

    7.17% cap rate and 10.16 GRM based on current rents. Downtown Oakland mixed-use 6-unit property with enormous rental upside. The property offers one 2bd/1bth unit, three 1bd/1bth units, and two retail units. The property was built in 1865, offers approximately 3,835 square feet of living space, and sits on a 3,750 square foot lot. Needs remodeling and repairs. The front right retail unit is missing a roof so this is an all cash or private loan sale. One of the owners lives in one of the 2bd/1bth units and wants to rent back for a year. All units have rents below market rates offering huge rental upside for the next owner. The building has a unique design and offers spacious units with classic details including hardwood floors, high ceilings, a roof-top patio and a garage. The tenants are nice and are all paying rent making this a safe and predictable investment. The front right retail unit is missing a roof so this is an all cash or private loan sale

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-12T23:47:10.413.

    www.stevebhalla.com/homes/112531719
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    593 8Th St Oakland, CA 94607

    • Price: $1,085,000
    • Status: Active
    • Updated: 173 min ago
    • ID#: 40931618
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1865
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    7.17% cap rate and 10.16 GRM based on current rents. Downtown Oakland mixed-use 6-unit property with enormous rental upside. The property offers one 2bd/1bth unit, three 1bd/1bth units, and two retail units. The property was built in 1865, offers approximately 3,835 square feet of living space, and sits on a 3,750 square foot lot. Needs remodeling and repairs. The front right retail unit is missing a roof so this is an all cash or private loan sale. One of the owners lives in one of the 2bd/1bth units and wants to rent back for a year. All units have rents below market rates offering huge rental upside for the next owner. The building has a unique design and offers spacious units with classic details including hardwood floors, high ceilings, a roof-top patio and a garage. The tenants are nice and are all paying rent making this a safe and predictable investment. The front right retail unit is missing a roof so this is an all cash or private loan sale
    Exterior Features

    Additional Misc Features Other Exterior Other Lot Description Other Parking Description Other Parking Spaces Total 2 Roof Other

    Interior Features

    Basement Other Cooling Other Flooring Other Heating Other Heat

    Property Features

    Annual Expense Year 0 Annual Gross Fee Income 0 Annual Gross Sched Income 0 Annual Insurance Expense 0 Annual License Expense 0 Annual Maintenance Exp 0 Annual Management Expense 0 Annual Miscellaneous Inc 0 Annual Rental Inc 0 Annual Taxes 0 Annual Total Oper Exp 0 Annual Utility Expense 0 Annual Vacancy Expense 0 Building Type 5 Or More Units City Transfer Tax Yes Energy Saving Feature Other Equipment Additional Other Existing Lease Terms Other Financial Data Source Other Gross Oper Actual Inc 0 Net Operating Income 78909 Other Annual Expense 0 Point Of Sale Ordinance Yes Special Information None Tenant Pays ElectricGas Tot Bldg Sq Ft 3835 Total Deposits 0 Water Sewer Sewer System - PublicWater - Public

    Listing courtesy of David Howarth of .


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-12T23:47:10.413.

     
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