| INCOME PROPERTY FOR SALE: 27 UNITS |
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| STATUS: |
Sold - April, 2003 |
| ADDRESS: |
480 Crescent Street, Oakland, CA 94610
Cross Street: Santa Clara Avenue Map Code: 649J2 |
| MOTIVATION: |
Seller exchanged into an Oakland office building. |
| PRICE: |
$2,275,000 |
| TERMS: |
All cash. |
| DESCRIPTION: |
Modern apartment building featuring a large 2-br/2-ba rooftop penthouse with spectacular views of Piedmont and the Grand Lake area. It is located in the Upper Adams Point/Rose Garden area above 580.
There are nine apartments in the rear with balconies and views.
The overall unit mix is seven studios, fifteen 1-br/1-ba, four 2-br/1-ba apartments and the penthouse. There is some deferred maintenance. |
VALUE
INDICATORS: |
GRM: 8.7
Cap Rate: 6.1
Price per unit: $84,259
Price per square foot: $134
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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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