| INCOME PROPERTY FOR SALE: 4-plex plus non-conforming studio |
| STATUS: |
Sold - November, 1999 |
| ADDRESS: |
221 Fairmount Avenue, Oakland, CA 94611
Cross Street: 29th St. Map Code: 649H2 |
| DESCRIPTION: |
The four main units are large and sunny and have dining rooms and spacious kitchens with colorful ceramic tile counters. The units consist of three 1br/1ba units renting from $640 to $690 and a 2br/2ba unit renting for $850. There are three garages in the rear. The basement is huge and contains a common laundry room, individual tenant storage lockers and the studio apartment. The studio is listed as a housekeeping unit by the City of Oakland and is non-conforming. It will be coming vacant 10/31/99. |
| MOTIVATION: |
Seller exchanging |
| PRICE: |
$430,000 |
| TERMS: |
Needs all cash for exchange. |
VALUE
INDICATORS: |
GRM: 11.0
Cap Rate: N/A
Price per unit: $106,250
Price per square foot: $79 |
| ![[photo of property]](../../ListGifs/oak_38b.gif) 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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