$1,300,000
$1,295,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
5,161 Sqft Lot
SOLD DATE : 03/14/2022
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40977580
Sold Date 03/14/22
HOA Y/N No
Year Built 1962
Lot Size 5,161 Sqft
Property Sub-Type Quadruplex
Property Description
Peralta Hacienda Apartments is a well-maintained fourplex located at the end of a city-designated "Slow Street" on a quiet cul-de-sac. The building consists of four 2-bed/1-bath units each measuring 930 SF, ideal for work-from-home professionals. Significant value-add opportunity with the potential to convert apartments into 3-bed units and add a fifth unit in unused storage area. The property is generating reliable cash-flow with two Section 8 tenants. 100% rent collection throughout the pandemic. Electric and gas meters are separate and utility expenses are low. The current owner has completed many recent capital improvements including a new roof and three upgraded units. Additional tenant amenities include four off-street parking spaces and leased laundry machines that provide additional income. The property is NOT on the City of Oakland soft-story list.
Location
State CA
County Alameda
Interior
Heating Electric
Flooring Laminate
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Covered, On Street
Roof Type Tar/Gravel
Total Parking Spaces 4
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 27877354
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with DAVID NELSON Marcus & Millichap
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Managing Broker, JD | Lic# DRE# 01065018/02178736