| INCOME PROPERTY FOR SALE: 23 UNITS |
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| STATUS: |
Sold - September, 2004 |
| ADDRESS: |
1618 6th Avenue, Oakland, CA 94606
Cross Street: Foothill Blvd.
Map Code: 649-J5 |
| MOTIVATION: |
estate sale |
| PRICE: |
$1,800,000 |
| DESCRIPTION: |
23-unit apartment building located just six blocks from Lake Merritt. Property consists of three buildings: two 4-plexes and a 15-unit building. Owner pays water on all but one 4-plex. Tenants pay PG&E. Gated parking for 15 cars. Good unit mix. |
VALUE
INDICATORS: |
GRM: 8.5
Cap Rate: 5.8
Price per unit: $78,260
Price per square foot: $112
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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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