| INCOME PROPERTY FOR SALE: 11 UNITS |
| STATUS: |
Sold - March, 1999 |
| ADDRESS: |
715 Oakland Avenue, Oakland, CA 94611
Cross Street: Mariposa Ave. Map Code: 649J1 |
| DESCRIPTION: |
Modern motel style building wth seven 1br/1ba units rented at $650 and four 2br/1ba units rented at $725. Separately metered; parking; laundry.
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| MOTIVATION: |
Out-of-area owner retiring. One of buyers exchanged. |
| PRICE: |
$710,500 |
| TERMS: |
15% down, 75% new 1st loan, seller carried 10% for 5 years at 8%. |
VALUE
INDICATORS: |
GRM: 7.8
Cap Rate: 7.6
Price per unit: $64,590
Price per square foot: $92 |
| ![[photo of property]](../../ListGifs/oak_07b.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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