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Listing 8 out of 54
$1,495,000 For Sale

1658 34th Avenue
Oakland, CA 94601

4 units | Multi Family Home
7841 sq ft lot - MLS# ML81751869 Courtesy of Nai Northern California, Joel Calvillo
Property Photo
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Description

PRICE REDUCED $100K. Built in 1989! Exempt from City Rent Adjustment Ordinance! LARGE Townhome Style Units! This four (4) unit property consists of three (3) 3-bed/2-bath 1,545SF units and one (1) 2-bed/1-bath 900SF unit. Constructed in 1989, the property is exempt from the city's rent adjustment ordinance. Rents increase July 1, 2019. Large units and ample parking are sure to keep occupancy rates high. The property is located on the East side of 34th Avenue between E. 17th and E. 18th Street in the heart of Oakland's burgeoning Fruitvale neighborhood. The Fruitvale BART Station is within walking distance, and the I-880 & I-80 Freeways are easy to access by car. Smooth commutes and a vibrant neighborhood scene will continue to drive premium rents from tenants. Fruitvale has also gained positive media attention in recent months as a UCLA study cited it as a model of neighborhood development without gentrification. Income and expenses are proforma.

Features

  • Property Type: Multi Family Home
  • Sub Type: FOURPLEX
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94601
  • Year Built: 1989
  • Age: 30
  • High School: Oakland (510) 879-8111
  • Units: 4 units
  • Lot Size: 7841 sq ft lot
  • Zoning: RM-2
  • Annual Gross Sched Income: $142,800
  • Annual Rental Inc: 142800
  • Annual Utility Expense: $600
  • Cooling: No Air Conditioning
  • Elementary School Distric: Oakland (510) 879-8111
  • Existing Lease Terms: Year Lease
  • Heating: Other Heat
  • Lot Sq Ft Apx: 7920
  • Net Operating Income: $109,882
  • Operating Expenses: Trash Removal, Water
  • Park Spc Tot: 4
  • Tenant Pays: Electric, Water
  • Unit 1: 3-Bedrooms
  • Unit 2: 2-Bedrooms
  • Unit 3: 3-Bedrooms
  • Unit 4: 3-Bedrooms
Courtesy of Nai Northern California, Joel Calvillo

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