2006 38th Ave, OAKLAND

$1,100,000

0 Beds
0 Baths
5,415 Sqft
.12 Acres
0 Garages

Contact agent for inquiries and disclosures. Offer date TBD. ONE VACANT UNIT This newly painted, turn-key investment property is fully occupied and competitively priced at $1,100,000 with a 5.93 Capitalization Rate and a Gross Rent Multiplier of 12.4. 2006 38th Avenue is an inexpensive asset to maintain as the tenants pay for their own Gas, Electric and Water utilities. In addition to a brand new roof, 2006 38th boasts both on-site laundry and on-site parking creating a very convenient and well-located place to live and invest. Located in the Jefferson neighborhood, this property offers an urban/suburban feel and provides an excellent commuter location. Close to BART, 580, parks, restaurants and schools. This investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth.

Essential Information
MLS® #40892719
Price$1,100,000
Square Footage5,415
Acres0.12
Year Built1952
TypeResidential Income
Sub-TypeFOURPLEX
StatusPending
Community Information
Address2006 38th Ave
AreaOakland Zip Code 94601
CityOAKLAND
CountyAlameda
StateCalifornia
Zip Code94601
Amenities
FeaturesNone
Parking Spaces4
ViewBay, Partial
Parking

Carport - 2 Or More, Parking Area

Interior
HeatingGas
CoolingNo Air Conditioning
Exterior
ExteriorStucco, Wood Frame
Lot DescriptionRegular
RoofUnknown
Additional Information
Date ListedJanuary 17th, 2020
Listing Details
AgentKaren Mulcahy
OfficeCorcoran Global Living
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Listing information last updated on March 30th, 2020 at 11:35am PDT.