1832 Bridge Ave , Oakland, CA 94601
Oakland, CA 94601
Description
6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning, and more. The property is easy to manage and is separately metered for PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.
Details
| MLS# | 41053921 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 169 |
| Listing Provided By | The Pinza Group, Inc 510-725-4775 | David Howarth |
Features
| Units | 4 |
|---|---|
| Acreage | 0.21 |
Market Activity 94601
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94601 |
| Listing VS Median (in 94601) | |
Price: $1,675,000 low | high Med: $850,000 On Site: 169 low | high Med: 279.000000 | |