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Listing Summary
Listing
#422673082
$2,700,000 (LP)
$2,550,000 (SP)
SP % LP
:
94.44
1090-1092 63rd St, Oakland, CA 94608
Closed
(09/08/22)
SqFt:
5032
Lot Size Acres:
0.2500
Area/District
:
2608
Yr
:
1919
Total Parking Spaces:
0
Remarks
Cushman & Wakefield is pleased to present the opportunity to acquire 1114-1116 Dwight Way & 1090-1092 63rd Street (the Properties'' or Dwight Way & 63rd Street''), two pride of ownership properties totaling 16 units located in Berkeley and Oakland. Available together or separately, Dwight Way & 63rd Street provide residents direct access to a world-class biotechnology hub, over 675,000 local jobs, and UC Berkeley. Featuring Spanish-style architecture and mature landscaping, the Properties are an excellent value proposition for suburban living in the core Bay Area. Comprised of highly livable studio and one-bedroom floorplans, Dwight Way & 63rd Street represent limited risk investments and are well positioned to capture the market's 19% rent growth projected by 2027.
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Remarks
Agent and Office Information
Agent
Scott MacDonald
Primary:415-310-0487 Secondary:415-310-0487 Other:415-310-0487 Lic: 01422005
Office
Cushman & Wakefield
Phone: 213-629-6510 Office Lic.: 01880493
Price, Dates and Commissions
Commission to Buyer Office
Commission to Buyer Office
2%
Unit Information
# Of Buildings
2
# Of Units Leased
10
# Of Units Month to Month
0
# Of Units Total
10
# Of Units Vacant
0
# of 1 Bedroom Units
4
# of 2 Bedroom Units
0
# of 3 Bedroom Units
0
# of 4 Bedroom Units
0
# of Studio Units
6
# Commercial Units
0
# of Floors
1
Units Furnished
None
Unit 1 Bedrooms
0
Unit 1 Full Baths
0
Unit 1 Partial Baths
0
Unit 1 Rent
$
2195
Unit 1 Approx SqFt
550
Unit 1 # of Rooms
0
Unit 1 Type
Apartment
Unit 2 Bedrooms
0
Unit 2 Full Baths
0
Unit 2 Partial Baths
0
Unit 2 Rent
$
2035
Unit 2 Approx SqFt
550
Unit 2 # of Rooms
0
Elevation Units
Feet
Unit 2 Type
Apartment
Unit 3 Bedrooms
0
Unit 3 Full Baths
0
Unit 3 Rent
$
1595
Unit 3 Approx SqFt
472
Unit 3 # of Rooms
0
Unit 3 Partial Baths
0
Unit 3 Type
Apartment
Unit 4 Bedrooms
0
Unit 4 Full Baths
0
Unit 4 Partial Baths
0
Unit 4 Rent
$
1635
Unit 4 Approx SqFt
472
Unit 4 # of Rooms
0
Unit 4 Type
Apartment
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
4
# of 2 Bedrooms Occupied
0
# of 3 Bedrooms Occupied
0
# of 4 Bedrooms Occupied
0
# Studios Occupied
6
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
225414
Gross Rent Multiplier
11.31
Net Operating Income
$
140085
Monthly Income
$
0
Operating Expense
$
85329
Total Deposit
$
0
Total # Leasable
0
Utilities Expense
$
21550
Other Expense
$
11206
Tax Annual Amount
$
43573
Monthly Expenses
$
0
Actual or Scheduled
Scheduled
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Property Information
Subtype Description
Apartments
Approx SqFt
5,032
SqFt Source
Not Verified
Price / SqFt
506.76
Lot Sq Ft
(
approx
)
10,890
Lot Acres
(
approx
)
0.2500
Lot Size Source
(Not Verified)
# of Rooms
0
Year Built
1919
Year Built Source
Other
Stories
1
Special Listing Conditions
None
Property Location
County
Alameda
Cross Street
San Pablo
Area/District
Oakland Zip 94608
Subdistrict
Interior Information
Construction Information
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
None
Association Information
Association
No
School Information
Green Information
Other Listing Information
Listing Service
Full Service