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$ 3,198,000
Est. payment | /mo
0.73 Acres Lot
$ 3,198,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41121377
HOA Y/N No
Year Built 1964
Lot Size 0.727 Acres
Property Sub-Type Apartment
Property Description
13 UNIT APPARTMENT with Excellent Investment Opportunity! This property features a well-maintained 13-unit apartment building with 12 units currently occupied, offering immediate and consistent cash flow. Twelve spacious units feature 2-bedroom, 1.5-bath layouts, each designed with back patios and a balcony off the bedroom, highly desirable amenities that support strong tenant demand and retention. One additional unit is a studio. The property includes a large grassy common area, a convenient on-site laundry facility, and ample on-site parking for residents. The front exterior has been recently painted with new siding and stained shingles, enhancing curb appeal. Several units have been updated, creating a clear added value. The property has an oversized expansive lot with room for many opportunities plus convenient freeway access, strong East Bay rental demand, and proven income performance. Investors can capitalize on monthly rental income potential of over $27,000 per month, rent optimization, and full stabilization to increase long-term returns. With a solid unit mix, strong occupancy, and upside potential, this property presents an attractive opportunity for investors seeking stable income today with growth potential tomorrow.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Total Parking Spaces 13
Others
Tax ID 43216211
Virtual Tour https://youtu.be/M_25FDl6qVw
Listed by Jeannine Rinetti Rinetti & Co., REALTORS®
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "