LKV Realty
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$1,100,000
$6,000Reward *
Oakland, CA 94606Listing ID 40845547

Oakland, CA 94606

Active
Time on site: 2833 days • Last updated: Sep 30, 2024
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Apartment
Acres
Acres
0.16
Days on Site
Days on Site
2,784
Cooling
Cooling
None
Heating
Heating
Wall Furnace
Year Built
Year Built
1964

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.

Property Information

Property Details

Location

County
Alameda
City
Oakland
Zip Code
94606

Interior Features

Heating and Cooling

Cooling
None
Heating
Wall Furnace

Building

Building Information

Year Built
1964
Construction
Stucco

Property Taxes

Tax Annual Amount
$17,316
STEVEN PETERSON • INFINITY INVESTMENTS, (510) 879-7542

Market Report for 94606

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

BMLS-R01746140