$1,630,000
$1,688,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 10/23/2021
Key Details
Sold Price $1,630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 40959317
Sold Date 10/23/21
HOA Y/N No
Year Built 1962
Annual Tax Amount $15,775
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Well maintained seven unit apartment building located in a quiet neighborhood in Lake Merritt area. All large two bedroom units with three units recently renovated within the last three years. Parking lot next to the building. Laundry room in the back of the building. Both provide extra income. Great investment opportunity with Current cap rate 6% and pro forma 8.5%.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling See Remarks
Fireplace No
Building
Lot Description Street Level
Others
Tax ID 2230115
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Davide Pio • BCRE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "