INCOME PROPERTY FOR SALE: 20 UNITS
STATUS:	Sold - July, 2000
ADDRESS:	3104 and 3112 14th Avenue, Oakland, CA 94602 Cross Street: E. 31st Street  Map Code: 650B5
DESCRIPTION:	Twin Commons Apartments. Two buildings containing 21 apartments consisting of four 2-brs ranging from $750 to $800, 15-1-brs renting from $550 to $675 and two studios at $460 and $615. The buildings have interior stairways and are very solidly built. There is a common laundry room and seven garages. The apartments are separately metered and nicely laid out. Well managed and maintained. Directly across the street is Highland Hospital, which is currently undergoing construction of a major addition.
MOTIVATION:	Buyer exchanged.
PRICE:	$1,350,000
TERMS:	Seller carried a $50,000 2nd note for 5 years at 8%.
VALUE INDICATORS:	GRM: 7.7 Cap Rate: 8.1 Price per unit: $63,333 Price per square foot: $87
	Click photo for enlargement.
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.