4-unit apartment complex fully renovated in 2023. Current CAP rate: 6.08% and the current GRM is 10.85. The property offers approximately 2,176 square feet of rental space and sits on a 3,500 square foot lot with off-street parking and room for a backyard patio. The unit mix offers four 1b/1bth units that are leased to new tenants at market rates. One unit will be delivered vacant at closing making it perfect for an owner-occupant! The property offers brand new units with new flooring, high-end kitchens and bathrooms, wood flooring, in-unit water heaters, double pane windows, new electrical systems, new plumbing, a new roof, new siding, a new sewer lateral, and more. The property is separately metered for PG&E and should have low annual operating expenses and no maintenance requirements. The tenants are all new and easy to manage so hiring a property manager should not be necessary. This is a very attractive Oakland location, only a few minutes from Downtown Oakland, San Francisco, and Berkeley with easy access HWY 880, HWY580, and HWY24 and multiple BART stations. This location is great for walking and biking with ample public transportation options making it one of the more desirable neighborhoods in Oakland.
MLS #
EB41046076
MLS Source
Bridge MLS
Buyer's Brokerage Compensation*
2.0%
Appliances
Other
Flooring
Other
Cooling
Other
Heating
Other
Garage/Parking
Other, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Other
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 545 | 1 | 0/0 | $2,000 |
2 | 545 | 1 | 0/0 | $2,195 |
3 | 545 | 1 | 0/0 | $2,195 |
4 | 545 | 1 | 0/0 | $2,195 |
873 29th St is a Residential Income in Oakland, CA 94608. This 2,176 square foot property sits on a 3,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1908.
This address can also be written as 873 29th St, Oakland, CA 94608.©2024 Bridge MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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This listing information is up-to-date as of March 22, 2024. For the most current information, please contact David Howarth, (510) 822-1331