2649 62nd Avenue, Oakland (94605)
$1,000,000
5 
0
700
PROPERTY DETAILS
| Address: |
view address Oakland, CA 94605 Map Location |
Features: | Garage, Multi-level |
|---|---|---|---|
| Bedrooms: | 5 | Square Feet: | 700 sq.ft. |
| Lot Size: | 3759.0 | Year Built: | 1960 |
| Status: | Active | Property Type: | Multi Family |
| School District: | Alameda | County: | Alameda |
| List Date: | 2024-10-15 | Listing Number: | 224116449 |
| Listed By: | Sterling Royal Real Estate |
PROPERTY DESCRIPTION
Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio. With primary veteran housing subsidies in place, this property provides financial security and the potential for future appreciation. Guaranteed rental income from four units housing veterans. Gated property for tenant safety and privacy, on site laundry facilities for tenant convenience, located in a quiet residential area with proximity to parks, schools and local amenities. Quick access to I-580, public transportation and a short commute to downtown Oakland and Lake Merritt. AS AN INCENTIVE TO THE BUYER THE SELLER IS OFFERING ONE YEAR OF A HOME WARRANTY PLAN PLUS PAY FOR THE FIRST 3 CLAIMS.
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Interior
Features
| Flooring: | Carpet, Linoleum | Laundry Features: | Common Area |
| Laundry: | Yes |
Cooling & Heating
| Cooling features: | None | Heating features: | Wall Furnace |
| Heating: | Yes |
Exterior
Exterior and Lot
| Construction Materials: | Wood Siding, Stucco | Foundation details: | Slab |
| Roof: | Flat |
Parking
| Parking features: | Attached, Side By Side, Carport, Covered | Attached Garage: | Yes |
Property Features
| Fencing: | Fenced |
Property and Lot Details
Other
| Sewer: | Public Sewer |
Building Information
| Year Built: | 1960 | Levels: | Two |
| Stories: | 2 |
Lot
| Lot Dimensions: | 3759.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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