| INCOME PROPERTY FOR SALE: 5 UNITS |
| STATUS: |
Sold - December, 2001 |
| ADDRESS: |
1721 33rd Avenue, Oakland, CA 94601
Cross Street: Foothill Blvd. Map Code: 650C7 |
| DESCRIPTION: |
Modern apartment building in Oakland's Fruitvale district within walking distance to the Fruitvale BART station. The units are all townhouse-style, the bathroom and bedrooms upstairs with the exception of the 3-br/2-ba owner's unit, which has a bathroom downstairs. The four other units are all 2-br/1-ba units renting from $669 to $695. The owner's unit has the potential of having a large deck over the carport roof. The owner's unit is currently leased until October, 2001. Tenants pay PG&E and water. Each unit has a separate storage locker and carport. There is a common laundry room. |
| MOTIVATION: |
Seller exchanged. |
| PRICE: |
$550,000 |
VALUE
INDICATORS: |
GRM: 9.2
Cap Rate: 7.2
Price per unit: $110,000
Price per square foot: $111 |
| ![[photo of property]](../../ListGifs/oak_74b.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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