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$2,700,000

1300 International Blvd.
Oakland, CA  94606

$2,700,000 - Multi Family Home
15,250 sq ft

Listing # 40859449

Listing Description

Contractor owner purchased this property in the late '70s and has made his own improvements since then. He converted the building by permit to 5 residential and 1 commercial unit. The 5 large residential units are 2 bedrooms with excellent tenants. The units are remodeled/upgraded each time it goes vacant. The restaurant pays $4,200 a month. The owner also receives $12,754 annually from Clear Channel® for billboard lease. The building also features an additional 3,663± sf basement which owner is using for workshop/office/storage. Stylish loft-style units feature skylights, hardwood/softwood floors, updated kitchens, makers spaces and much more! Possible residential rent increases are banked!! This is a great opportunity if you're looking for positive cash flowing investment.

Property Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94606
  • Year Built: 1920
  • Age: 99
  • Sq.Ft.: 15,250 sq ft
  • Units: 6 units
  • Basement: Separate Entry, Storage Area, Other
  • Lot Size: 6098 sq ft lot
  • Zoning: CN-3
  • Addtl Features Misc.: Balcony/Patio
  • All Units Have: Dishwasher, Disposal, Patio, Updated Baths, Updated Kitchen, Refrigerator
  • Annual Gross Sched Inc: 138371
  • Annual License Exp: 1200
  • Annual Maint Exp: 6000
  • Annual Rent Inc: 172104
  • Annual Taxes: 2763
  • Annual Util Exp: 6260
  • Annual Vacancy: 1
  • Apx Lot Sq Ft: 6217
  • Cap Rate: 4.69
  • Equipment Additional: Fire Sprinklers, Water Heater Gas, Other
  • Exterior: Stucco
  • Flooring: Hardwood Floors, Vinyl, Carpet, Other
  • Gross Income: $172,104
  • Gross Oper Actual Inc: 172104
  • Heating: Other Heat
  • Laundry: Coin Operated, Common Room
  • Lot Description: Corner
  • Net Oper Income: $89,421
  • Operating Expenses: Insurance, License/Ads, Maintenance/Repair, Miscellaneous/Other, Trash Removal, Water, Other
  • Other Ann Exp: 10000
  • Roof: Composition Shingles
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 33723
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 2
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 2
  • Unit # 5 # Of Bathrooms: 1
  • Unit # 5 # Of Bedrooms: 2
  • Unit 1 # Units This Type?: Restaurant
  • Unit 2 # Units This Type?: 1410 13th
  • Unit 3 # Units This Type?: 1304 #1
  • Unit 4 # Units This Type?: 1304 #2
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Valva Realty Company, David R. Valva
Bay East (c)2019. CCAR (c)2019. bridgeMLS (c)2019. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2019-07-15 16:59:47.