| INCOME PROPERTY FOR SALE: 12 UNITS |
| STATUS: |
Sold - July, 2001 |
| ADDRESS: |
1448 50th Avenue, Oakland, CA 94601
Cross Street: International Blvd. Map Code: 670E2 |
| DESCRIPTION: |
Modern 12 unit apartment building located just above International Blvd. in Oakland. The property contains all 2-br/1-ba units which are rented at below-market rates. There are 12 parking spaces as well as a common laundry room. |
| MOTIVATION: |
Seller is exchanging. |
| PRICE: |
$785,000 |
| TERMS: |
Seller needs all cash to exchange. |
VALUE
INDICATORS: |
GRM: 8.1
Cap Rate: 7.2
Price per unit: $65,416
Price per square foot: $88 |
| ![[photo of property]](../../ListGifs/oak_72b.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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