Property Detail

Description

Both units delivered vacant. 366 Oakland Ave is a 1912 two-unit building between the Grand Avenue and Piedmont Avenue districts, with AC Transit's P Transbay line on Oakland Avenue. Unit 366 is a 1,270 SF upper two-bedroom with a brick fireplace, bay window, formal dining room with built-in buffet, hardwood floors, and a laundry room. Unit 366A is an 807 SF two-bedroom with its own side entry. One-car garage for Unit 366. Separately metered electricity. Live in one unit and lease the other, or lease both. Pro forma at estimated market rents: $73,680 gross scheduled income, 6.4% cap rate, 9.4 GRM. Offered at $695,000 ($347,500/unit, $335/SF).