Bought with Alexander Kiani Oak Realty
$980,000
$999,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
1947 E CA
4,038 SqFt
Key Details
Sold Price $980,000
Property Type Commercial
Sub Type Apt Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,038 sqft
Price per Sqft $242
MLS Listing ID 40845547
Sold Date 05/30/19
HOA Y/N No
Year Built 1964
Lot Size 7,000 Sqft
Property Sub-Type Apt Complex
Source BAY EAST
Property Description
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Laundry Other
Building
Lot Description Sloped Down
Water Public
Others
Special Listing Condition Standard
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