4-unit apartment complex offering four 2bd/1bth units with stable tenants and one unit delivered vacant at close of escrow that’s perfect for an owner-occupant. The current cap rate is 5.70% and the current GRM is 11.84. The property was built in 1965, offers 3,186 square feet of rental space, and sits on a 6,000 square foot lot with four carport parking spaces. Maintenance is low and the property is separately metered for water and PG&E providing for low annual operating expenses. The current rents are 50%+ under market rates, providing a huge opportunity for rental upside with tenant turnover or buyouts. The exterior and interior are in good condition with very little deferred maintenance resulting in an attractive turn-key investment for the next owner This property can be purchased as a package with the neighboring 4-unit property located at 3711 San Juan Street. This is an attractive Fruitvale location near a variety of restaurants, coffee shops, and shopping options. The property is near BART and only a short drive to Lake Merritt, Downtown Oakland, Berkeley, and San Francisco.

- 4-Unit Apartment Complex Featuring Four 2bd/1bth Units with Off-Street Parking
- One 2bd/1bth Unit Delivered Vacant at Closing
- Separately Metered for Water and PG&E Providing for Low Annual Operating Expenses
- Stable, Easy-to-Manage Building, with Friendly Tenants
- Current Rents are Over 50% Under Market Rate Providing Huge Opportunity for Rental Income Upside
- Sold as a Possible Packaged Sale with 3711 San Juan St
- Current Cap Rate: 5.70%, ProForma Cap Rate: 10.38
- Current GRM: 11.84, ProForma GRM: 7.47
- Year Built: 1956, Price/Unit: $223,750, Price/SqFt: $282.51