| INCOME PROPERTY FOR SALE: 10 UNITS |
| STATUS: |
Sold - June, 1999 |
| ADDRESS: |
541 28th Street, Oakland, CA 94609
Cross Street: Telegraph Ave. Map Code: 9B2 |
| DESCRIPTION: |
Modern motel-style building consisting of all 1/br/1ba units rented at $525 except one at $550. Separately metered for all utilities including water.
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| MOTIVATION: |
Exchanged into the 34 units on Maubert Avenue in San Leandro (see other East Bay listings). |
| PRICE: |
$384,000 |
| TERMS: |
25% down, new 1st loan |
VALUE
INDICATORS: |
GRM: 6.0
Cap Rate: 10.8
Price per unit: $38,400
Price per square foot: $75 |
| ![[photo of property]](../../ListGifs/oak_03b.jpg) Click photo for enlargement.
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For a complete statement on this property please call or email your request, indicating whether you would like the package sent by mail or fax.
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