| INCOME PROPERTY FOR SALE: 12 UNITS plus commercial |
| STATUS: |
Sold - February, 2001 |
| ADDRESS: |
3618 Telegraph Avenue, Oakland, CA 94609
Cross Street: W. MacArthur Blvd. Map Code: 649H1 |
| DESCRIPTION: |
Older apartments over two storefronts on Oakland's Telegraph Ave. corridor just a few blocks from the MacArthur Bart station. There is a 13th non-conforming unit in the basement. The 12 units are all studios ranging in rent mostly from $425 to $450 with the most recent re-rent at $725. The two storefronts are currently rented by one commercial tenant for $1,055. |
| MOTIVATION: |
Sellers are exchanging. |
| PRICE: |
$695,000 |
| TERMS: |
Sellers need cash to exchange. |
VALUE
INDICATORS: |
GRM: 7.6
Cap Rate: 7.6
Price per unit: $49,642
Price per square foot: $85 |
| ![[photo of property]](../../ListGifs/oak_68b.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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