| INCOME PROPERTY FOR SALE: 17 UNITS |
| STATUS: |
Sold - November, 1998 |
| ADDRESS: |
4180 Opal Street, Oakland, CA 94608
Cross Street: 42nd St. Map Code: 629H7 |
| DESCRIPTION: |
Older three story walk-up consisting of 16 studios, renting from $475 to $485 and one non-conforming 1br/1ba unit rented for $535. During escrow, one of the studiios was rented for $675. The property is separately metered and has just two off-street parking spaces.
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| MOTIVATION: |
Seller retired. |
| PRICE: |
$715,000 |
| TERMS: |
15% down, 75% new 1st loan, 10% seller carryback for 5 years at 9%. |
VALUE
INDICATORS: |
GRM: 7.1
Cap Rate: 8.4
Price per unit: $42,058
Price per square foot: $86 |
| ![[photo of property]](../../ListGifs/oak_14b.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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