1106 4th Ave, Oakland, CA 94606
- $900,000
Listed by Ken Wu, (408) 666-2585 from Compass
(If provided) CoList: Willem Bos from COMPASS
Sold listing courtesy of David R. Valva from OBOHARB
- Sold Price
- $900,000
- List Price
- $925,000
- Closing Date
- Jul 05, 2024
- MLS#
- EB41059511
- Status
- SOLD
- Lot Size
- 4,000
- Listing Area
- Oakland Zip Code 94606
- Year Built
- 1912
Property Description
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
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Additional Information
- Acres
- 0.09
- Age
- 112
- Amenities
- Storage Area(s)
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Siding - Vinyl
- Floor Covering
- Vinyl, Carpet - Wall to Wall
- Lot Size
- 4,000
- Neighborhood
- Oakland Zip Code 94606
- Numberof Units
- 6
- Unincorporated Yn
- Yes
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