| INCOME PROPERTY FOR SALE: 8 UNITS |
| STATUS: |
Sold - November, 1998 |
| ADDRESS: |
5425 College Avenue, Oakland, CA 94618
Cross Street: Kales Ave. Map Code: 629J6 |
| DESCRIPTION: |
Modern stucco building consisting of eight 1br/1ba units rented from $420 to $825 per month. No parking; separately metered.
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| MOTIVATION: |
Seller retired. |
| PRICE: |
$450,000 |
| TERMS: |
15% down, 75% new 1st loan from F.I.P. (Ted Levenson 415-945-5430). Seller carried 2nd for balance for 5 years at 8.5% interest.. |
VALUE
INDICATORS: |
GRM: 7.4
Cap Rate: 8.0
Price per unit: $56,250
Price per square foot: $124 |
| ![[photo of property]](../../ListGifs/oak_13b.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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