2648 Parker Ave

    Oakland, CA 94605
    • $1,395,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: BE40868557
    $1,395,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,584
      SQFT
    • $389
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    $200,000 Price Reduction! No Rent Control and current CAP rate at 7.95%. 2648 Parker Avenue in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment complex with high rents and excellent future income upside. The property offers four (4) Three-Bedroom/Two-Bath units and sits on an oversized 7,500 square foot lot. Recently, over $250,000 was invested for interior and exterior upgrades. The property was built in 1989 and is exempt from Oakland rent control with regards to rent increase limits. All units are large and offer remodeled kitchens and living areas, washer dryer hook-ups, and new windows. Maintenance is low and all units are separately metered for PG&E providing for low annual expenses. All known maintenance issues have been addressed resulting in a turn-key property for the next investor.

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-08-21T23:49:39.153. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/95509642

    2648 Parker Ave Oakland, CA 94605

    • Price: $1,395,000
    • Status: Active
    • ID#: BE40868557
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,584
    SQFT
    $389
    $/SQFT
    1989
    Built
    Neighborhood:
    Oakland Zip Code 94605
    County:
    Alameda
    Area:
    Oakland Zip Code 94605
    Property Description
    $200,000 Price Reduction! No Rent Control and current CAP rate at 7.95%. 2648 Parker Avenue in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment complex with high rents and excellent future income upside. The property offers four (4) Three-Bedroom/Two-Bath units and sits on an oversized 7,500 square foot lot. Recently, over $250,000 was invested for interior and exterior upgrades. The property was built in 1989 and is exempt from Oakland rent control with regards to rent increase limits. All units are large and offer remodeled kitchens and living areas, washer dryer hook-ups, and new windows. Maintenance is low and all units are separately metered for PG&E providing for low annual expenses. All known maintenance issues have been addressed resulting in a turn-key property for the next investor.
    Exterior Features

    Building Type Fourplex Exterior Other Garage Parking Other Lot Description Other Roof Other Yard Grounds Other

    Interior Features

    Baths Unit1 2.00 Baths Unit2 2.00 Baths Unit3 2.00 Baths Unit4 2.00 Beds Unit1 3 Beds Unit2 3 Beds Unit3 3 Beds Unit4 3 Cooling Other Flooring Other Heating Other Laundry Other Sq Ft Unit1 896 Sq Ft Unit2 896 Sq Ft Unit3 896 Sq Ft Unit4 896 Structure Sq Ft 3584

    Property Features

    Additional Listing Info Not Applicable Amenities Other City Name Oakland Cross Street Macarthur Blvd Energy Saving Features Other Hoa Amenities Other Lot Size Area Maximum 7500.00 Property Sub Type Fourplex Sq Ft Source Public Records Water Other

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of David Howarth of The Pinza Group, Inc.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-08-21T23:49:39.153. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

    Licensed in the State of California.
     
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