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Listed by Daniel Liang • Real Estate Ebroker Inc
$ 1,088,000
Est. payment /mo
Open 4/25 1PM-3PM
8811 A Street Oakland, CA 94621
3,878 SqFt
Open House
Sat Apr 25, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Active
Purchase Type For Sale
Square Footage 3,878 sqft
Price per Sqft $280
Subdivision Oakland
MLS Listing ID 41131088
HOA Y/N No
Year Built 1951
Lot Size 5,800 Sqft
Property Sub-Type Lowrise (1-3 Flrs)
Source BAY EAST
Property Description
Turnkey 5-Unit Investment Property – Offered at $1.088M Fully renovated gated apartment with on-site parking, situated on a 5,793 SF lot with approximately 3,878 SF of living space. Exceptional opportunity to acquire a well-maintained 5-unit apartment building featuring spacious 2-bedroom / 1-bath units, thoughtfully upgraded for modern living and long-term performance. This income-producing property has undergone extensive recent improvements, including a new roof, updated electrical panels and breakers, upgraded heating systems, fresh interior and exterior paint, new flooring throughout, modern kitchen cabinets and countertops, updated bathrooms, and new lighting fixtures and window coverings. Each unit offers a bright, clean, and functional layout, appealing to today's renters seeking comfort and convenience. The property generates strong rental income of over $10,000/month gross, offering excellent cash flow with high cap rate potential. Major system upgrades have already been completed, resulting in a low-maintenance, turnkey investment with no immediate rehab required. Additional features include gated entry for privacy and security, on-site parking, a quiet and well-maintained setting, and a front garden area that enhances tenant appeal. Non-Soft-Story-Building-Certified and Approved by the City of Oakland Ideal for both cash flow investors and 1031 exchange buyers seeking a stabilized asset in a strong rental market. Actual rent roll and pro forma available upon request. Offers reviewed as received.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Vinyl, Carpet
Fireplace No
Building
Lot Description Level
Others
Special Listing Condition Standard
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