This listing was posted on ListedBuy.
$1,395,000
860 20th St
Price:
$1,395,000
BR/BA:
8 BR, 8 BA
Location:
860 20th St, Oakland, CA
Description:
The Pinza Group is proud to present a 4-unit apartment complex comprised of four spacious 2b/2bth units with strong current cash flow and excellent saleal upside. The current CAP rate is 6.22% and the current GRM is 11.69. One lower unit will be delivered vacant at close of escrow making this also a perfect opportunity for an owner-occupant. The property was built in 1889, offers approximately 3,240 square feet of saleal space, and sits on a 4,400 square foot lot with a nice backyard that tenants enjoy. All units have been extensively remolded with new kitchens and bathrooms with new countertops, stainless steel appliances, wood floors, in-unit water heaters, washers and dryers and more. The roof is newer and all the electrical has been redone resulting in a turn-key property for the next investor. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. This is an attractive West Oakland Location Near Downtown Oakland, Berkeley with easy access to the Bay Bridge and San Francisco. There are numerous restaurants, coffee shops, micro breweries all over West Oakland and Downtown Oakland creating a dynamic urban scene that's extremely popular. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
3,240 sq. ft.
Amenities:
Wood Floors
For sale by:
By Owner
Posted:
September 26 2023 on ListedBuy
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More About this Listing: 860 20th St
860 20th St is a Eight Bedroom Eight Bath Multi-Family Real Estate for Sale at 860 20th St in Oakland CA. Find other listings like 860 20th St and listings near 860 20th St by searching Oodle Classifieds for Eight Bedroom Eight Bath Multi-Family Real Estate for Sale in Oakland CA.
860 20th St is a Eight Bedroom Eight Bath Multi-Family Real Estate for Sale at 860 20th St in Oakland CA. Find other listings like 860 20th St and listings near 860 20th St by searching Oodle Classifieds for Eight Bedroom Eight Bath Multi-Family Real Estate for Sale in Oakland CA.