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$ 1,150,000
Est. payment | /mo
3,032 SqFt
$ 1,150,000
Est. payment | /mo
3,032 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,032 sqft
Price per Sqft $379
MLS Listing ID 41113788
HOA Y/N No
Year Built 1905
Lot Size 3,500 Sqft
Acres 0.08
Property Sub-Type Multi Family
Property Description
Strong Cash Flow! 8.25% CAP, Over $10,670 Monthly Rental Income! A fully stabilized asset rare 5-unit investment property in Oakland's Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stable—making management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit before to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charm—ideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.
Location
State CA
County Alameda
Rooms
Basement Other, Separate Entry, Storage Space
Interior
Interior Features Storage
Heating Other
Cooling None
Flooring Laminate, Linoleum, Tile, Carpet
Fireplace No
Window Features Window Coverings
Appliance Dryer, Washer, Gas Water Heater
Exterior
Utilities Available Cable Available, Individual Electric Meter, Individual Gas Meter
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 21290261
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Listed by Jun Li • Alliance Bay Realty
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