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Listed by Brandon Tran Fifty Hills Real Estate
$1,000,000
Est. payment /mo
6 BD
3 BA
2,839 SqFt
Active
2133 34th Oakland, CA 94601
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UPDATED:
09/16/2024 10:08 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,839 sqft
Price per Sqft $352
MLS Listing ID 424042455
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1964
Lot Size 4,500 Sqft
Acres 0.1033
Property Description
Strategically located in Fruitvale District between I-580 and I-880, 2133 34th Avenue is a rare opportunity to acquire a turnkey 3 unit apartment building in the emerging Oakland Market. The asset features (1) One Bedroom One Bathroom Unit, (1) Two Bedroom One Bathroom Units, and (1) 3 Bedroom One Bathroom Unit., Three covered parking spots, each with one additional tandem uncovered spot totaling 6 parking spots. Unit 2 was remodeled in 2023, and Unit 3 was remodeled in 2022. Potential to add coin operated laundry machines for additional income. Close proximity to mass transit. Offered at an attractive 6.35% CAP Rate/10.89 GRM and Pro Forma CAP Rate 6.75%/10.47 GRM, the complex will immediately provide investors with great cash flow on day one with potential for future upside.
Location
State CA
County Alameda
Area Oakland Zip 94601
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Vinyl
Fireplace No
Exterior
Utilities Available City, Internet Available, Natural Gas Connected
Total Parking Spaces 6
Building
Lot Description Sidewalk, None
Level or Stories Two
New Construction No
Others
Tax ID 27881331
Acceptable Financing 1031 Exchange, Conventional
Listing Terms 1031 Exchange, Conventional
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