| INCOME PROPERTY FOR SALE: 15 UNITS |
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| STATUS: |
Sold - June, 2002 |
| ADDRESS: |
1934 9th Avenue, Oakland, CA 94606
Cross Street: East 19th Street Map Code: 649J6 |
| MOTIVATION: |
Sellers are retiring. |
| PRICE: |
$1,125,000 |
| TERMS: |
Cash to new loan. |
| DESCRIPTION: |
Mismanaged three story motel style building in Oakland's New Chinatown area. Deferred maintenance. Fourteen 2-br/1-ba and one 1-br/1-ba units. Parking. |
VALUE
INDICATORS: |
GRM: 7.4 · Cap Rate: 6.9 · Price per unit: $75,000 · Price per square foot: $110
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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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