Current cap rate is 8.0% and the current GRM is 7.31. Huge North Oakland investment with strong current income and excellent rental upside. The property offers a total of five units consisting of a 4bd/1.5bth top-floor flat, a 2bd/1bth lower level flat, a 2bd/1bth attic unit, and two studio units in the rear building. The property was originally built in 1908, offers approximately 4,050 square feet of living space, and sits on a 5,000 square foot lot with ample room for parking. The top flat and back studio unit can be delivered vacant making it perfect for an owner-occupant or investor seeking high market rents. Many of the units have been updated over time and offer newer kitchens and bathrooms, hardwood floors, newer paint, classic Victorian architecture, custom molding, and more. There is a nice backyard area that’s perfect for gardening, BBQs, etc. This North Oakland location is near countless restaurants, coffee shops, grocery stores and shopping and only a short commute to Downtown Oakland, Temescal, Emeryville, Berkeley, and San Francisco.

- Current Cap Rate: 8.0% Current GRM: 7.31

- Huge North Oakland Investment Offering One 4bd/1.5bth Unit, Two 2bd/1bth Units, and Two Studio Units

- One 4bd/1.5bth Unit and One Studio Unit Can Be Delivered Vacant at Closing

- Remodeled Units, Newer Paint, Hardwood Floors, Custom Molding, and Classic Victorian Finishes

- Easy to Manage, Low Maintenance Property, with Low Annual Operating Expenses

- Excellent North Oakland Location Near Temescal, Berkeley, and Downtown Oakland Offering Easy Access to Many Restaurants, Coffee Shops, Shopping, and BART