INCOME PROPERTY FOR SALE: 6 UNITS
STATUS:	Sold - January, 2002
ADDRESS:	540-548 31st Street, Oakland, CA 94609 Cross Street: Telegraph Avenue  Map Code: 649G1
DESCRIPTION:	Convenient location near Pill Hill and the old Sears building on the Telegraph Avenue corridor going into downtown Oakland. Property consists of a 3-br/1-ba single family dwelling in rear renting for $1,425 plus 5-plex conversion in front. Front building consists of two large 3-br/1-ba flats renting for $1,385 and $1,492, plus a 2-br/1-ba on the ground floor renting for $$1,350, a 1-br/1-ba unit on the ground floor at $895 and a studio renting at $540. All units are separately metered for PG&E except the ground floor units which share a meter. The owner prorates that PG&E bill between the two tenants. Water and garbage are paid by the owner. Tenants heat their water. Off-street parking for a couple of cars.
MOTIVATION:	Seller exchanged.
PRICE:	$647,000
VALUE INDICATORS:	GRM: 7.5 Cap Rate: 9.2
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