4 bedroom house for sale
Oakland CA 94606
- Property Type
- House
- Price
- $958,000
- Beds
- 4
- Baths
- 4
Overview
The thoughtfully renovated and currently vacant 1-bedroom unit is ideally suited for a market rate tenant or immediate owner occupancy, while a bonus ADU cottage offers further income potentialPerfectly situated just blocks away from picturesque Lake Merritt, this Clinton Fourplex presents an exceptional opportunity for an owner-occupied investment or for astute investors seeking to capitalize Oakland's thriving rental market with a GRM of 9.22 and 7.18% Cap Rate. The thoughtfully renovated and currently vacant 1-bedroom unit is ideally suited for a market rate tenant or immediate owner occupancy, while a bonus ADU cottage offers further income potential. Adding to its appeal, three units are currently occupied by reliable tenants who consistently pay on time. While the individual gas and electric meters, hardscaped yard, and the inclusion of newer appliances minimize operating expenses and maintenance. The property's location within walking distance of New Chinatown (Walk Score 88) ensures exceptional convenience, with easy access to grocery stores, restaurants, and various retail outlets. Additionally, 5-minute proximity to major transportation arteries such as I-880, I-580, and CA-24, as well as the convenience of a 10-minute bus ride to Lake Merritt BART, ensures seamless connectivity to key employment and entertainment hubs.
Details
- Beds: 4
- Baths: 4
- Price: $958,000
- :
- Area: 2,603 sqft
Location
Oakland CA 94606
4 bedroom house for saleRelated Properties
Disclaimer
2024-06-21, Viewed 0 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-06-21, Viewed 0 times.
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