Property Detail

Description

This four unit property is ready for a new investor or, potentially, owner occupier! It currently brings in steady rental income with an 9.52% cap rate and about seventy five thousand dollars in annual gross rents. The building consists of three 2 bed 1 bath units and one 3 bed 1 bath unit, all fully occupied. That means rental income from day one of ownership. It’s subject to Oakland’s rent control and Just Cause ordinance, giving buyers a clear sense of how to plan long term. The Coliseum neighborhood location offers quick access to BART, freeways, and transit, which supports strong ongoing demand. It’s a straightforward choice for investors who want reliable returns, but it also leaves the door open for an owner occupant willing to take on the required steps for future use. This property won't last long. Contact agent for more details!