| INCOME PROPERTY FOR SALE: 6 UNITS |
| STATUS: |
Sold - August, 2000 |
| ADDRESS: |
418 41st St., Oakland, CA 94609
Cross Street: Webster Street Map Code: 629H7 |
| DESCRIPTION: |
Unique 6-plex in North Oakland's Temescal area. The unit mix is four 1-br units (@525 sq. ft.) currently renting from $645 to $800 plus two studios (@415 sq. ft.) renting at $665. There are four garages. These rents are below market. The property is extremely charming. All units have hardwood floors, separate PG&E meters, gas/wall heaters and individual water heaters. |
| MOTIVATION: |
Seller was exchanging, did a reverse exchange out of the area. |
| PRICE: |
$537,500 |
| TERMS: |
Seller needed cash to exchange. |
VALUE
INDICATORS: |
GRM: 10.4
Cap Rate: 6.5
Price per unit: $89,583
Price per square foot: $131 |
| ![[photo of property]](../../ListGifs/oak_58b.gif) 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.
|