14
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Listed by Ken Wu • Compass
$995,000
Est. payment /mo
3 Beds
2 Baths
3,688 SqFt
New
2004 27th ave Oakland, CA 94601
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,688 sqft
Price per Sqft $269
MLS Listing ID EB41108990
Bedrooms 3
Year Built 1920
Lot Size 3,750 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Priced at just $142,000 per unit, the offering delivers a compelling 6.08% cap rate and 9.32 GRM. The property is comprised of two separate buildings-a five-unit structure and a duplex-enclosed by a perimeter fence, providing both privacy and security for residents. Recent capital improvements include upgraded electrical subpanels throughout, ensuring modern infrastructure and reduced future maintenance costs. Interior upgrades further enhance the property's desirability, with five of the seven units featuring updated kitchens and bathrooms that appeal to today's renter preferences. Beyond current performance, the property offers investors over 30% in rental upside, creating an opportunity to drive NOI and substantially increase value over time.
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood
Laundry Washer/Dryer - Owned
Exterior
Parking Features Off-Site Parking
Building
Sewer Sewer - Public
Others
Special Listing Condition New, Not Applicable
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