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(408) 425-9359
Real Estate Company
740 Alcatraz Ave, Oakland, CA 94609
- $1,100,000
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
Sold listing courtesy of Willem Bos from OBBCOMP
- Sold Price
- $1,100,000
- List Price
- $1,175,000
- Closing Date
- Jan 22, 2025
- MLS#
- EB41068194
- Status
- SOLD
- Lot Size
- 6,000
- Listing Area
- Oakland Zip Code 94609
- Year Built
- 1910
Property Description
This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
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Additional Information
- Acres
- 0.11
- Age
- 114
- Amenities
- Other
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Other
- Floor Covering
- Other
- Garage Parking
- Detached Garage, Other
- Laundry Facilities
- Other
- Lot Description
- Other
- Lot Size
- 6,000
- Neighborhood
- Oakland Zip Code 94609
- Numberof Units
- 5
- Roof
- Other
- Unincorporated Yn
- Yes
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