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Listing Summary
Listing
#424014823
$1,250,000 (LP)
879 west grand Ave, Oakland, CA 94607
Active
(03/11/24)
SqFt:
Lot Size SqFt:
4017
Area/District
:
2607
Yr
:
Total Parking Spaces:
0
Remarks
Ideal for investment or a 1031 Exchange boasting a high cap rate, this distinctive four-unit property offers a blend of passive income from residential units and a billboard structure. Each unit features 3 bedrooms and 1 bathroom, with one unit recently updated. The property is enhanced by a spacious backyard and a secure gated entry. Enjoy close proximity to the Bay Bridge, freeways, and downtown Oakland, making it a strategic location for potential investors.
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Remarks
Agent and Office Information
Agent
Egan Lim
Lic: 01914926
Office
Realty World Bay Area Real Estate
Phone: 650-355-2121, FAX: 650-403-0201 Office Lic.:
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2.5
Unit Information
# Of Buildings
0
# Of Units Leased
4
# Of Units Month to Month
0
# Of Units Total
4
# Of Units Vacant
0
# of 1 Bedroom Units
3
# of 2 Bedroom Units
3
# of 3 Bedroom Units
3
# of 4 Bedroom Units
3
# of Studio Units
0
# Commercial Units
0
Units Furnished
None
Unit 1 Bedrooms
3
Unit 1 Full Baths
1
Unit 1 Partial Baths
0
Unit 1 Rent
$
2800
Unit 1 Description
3 bedrooms and 1 bathroom
Unit 1 Approx SqFt
759
Unit 1 # of Rooms
0
Unit 1 Occupancy
Tenant
Unit 1 SqFt Source
Not Measured
Unit 2 Bedrooms
3
Unit 2 Full Baths
1
Unit 2 Partial Baths
0
Unit 2 Rent
$
2450
Unit 2 Description
3 bedrooms and 1 bathroom
Unit 2 Approx SqFt
759
Unit 2 # of Rooms
0
Unit 2 Occupancy
Tenant
Elevation Units
Feet
Unit 2 SqFt Source
Not Measured
Unit 3 Bedrooms
3
Unit 3 Full Baths
1
Unit 3 Rent
$
2000
Unit 3 Description
3 bedrooms and 1 bathroom
Unit 3 Approx SqFt
759
Unit 3 # of Rooms
6
Unit 3 Occupancy
Tenant
Unit 3 Partial Baths
0
Unit 4 Bedrooms
3
Unit 4 Full Baths
1
Unit 4 Partial Baths
0
Unit 4 Rent
$
3200
Unit 4 Description
3 bedrooms and 1 bathroom
Unit 4 Approx SqFt
759
Unit 4 # of Rooms
6
Unit 4 Occupancy
Tenant
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
3
# of 2 Bedrooms Occupied
3
# of 3 Bedrooms Occupied
3
# of 4 Bedrooms Occupied
3
# Studios Occupied
0
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
127080
Gross Rent Multiplier
9.84
Net Operating Income
$
127080
Monthly Income
$
0
Total Deposit
$
0
Total # Leasable
0
Total # Section 8
4
Utilities Expense
$
0
Tax Annual Amount
$
0
Lease Term
Other
Monthly Expenses
$
0
Separate Meters
Electricity, Gas
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Possession
Close Of Escrow
Property Information
Subtype Description
Apartments
Approx SqFt
0
Price / SqFt
0.00
Lot Sq Ft
(
approx
)
4,017
Lot Acres
(
approx
)
0.0922
Lot Size Source
(Assessor Agent-Fill)
# of Rooms
24
Year Built
Year Built Source
Assessor Agent-Fill
Levels
Two
Special Listing Conditions
Housing Assist Program, Offer As Is
Property Condition
Updated/Remodeled, Varies by Unit
Property Location
County
Alameda
Cross Street
Market Street
Area/District
Oakland Zip 94607
Subdistrict
Interior Information
Construction Information
Utilities
City
Water Source
Public
Sewer
Public Sewer
Parking Information
Total Parking Spaces
0
# Underground
0
# of Guest Space(s)
0
Tandem Parking Spaces
0
Independent Parking Spaces
0
Lot and Outdoor Information
Lot Features
Shape Regular, Other
Association Information
Association
No
School Information
Green Information
Other Listing Information
Disclosures/Documents
Disclosure Package Available, Natural Hazard Disclosure Available
Listing Service
Full Service