Oakland, CA 94607,820 Athens Avenue
Oakland, CA 94607,820 Athens Avenue
Oakland, CA 94607,820 Athens Avenue
Oakland, CA 94607,820 Athens Avenue
Oakland, CA 94607,820 Athens Avenue
Oakland, CA 94607,820 Athens Avenue
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$750,000

$745,000

0.7%
Est.Price: ?

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Est. payment /mo

2,761 Sqft Lot


SOLD DATE : 04/10/2020

Key Details

Sold Price $750,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40896543

Sold Date 04/10/20

HOA Y/N No

Year Built 1903

Lot Size 2,761 Sqft

Property Description

This fully vacant duplex located in up and coming West Oakland comes with fully approved plans and permits in hand. Located near Oakland's desirable Uptown Neighborhood, and 5 minutes from the 19th Street Bart Station, this property is a commuter's dream. Upon execution of the Plans, this property will consist of a 4 bedroom/3 bathroom unit downstairs and a 3 bedroom/2 bathroom unit upstairs. The projected rent for the downstairs unit is $3,945/mo and the projected rent for the upstairs unit is $3,215, making the annual gross rental potential $85,920. Including renovation costs, this property is being sold at a 6.3% cap rate, which is significantly higher than most rental properties currently on the market, making this the perfect opportunity for a savvy investor or for a homeowner looking to offset the cost of their mortgage.

Location

State CA

County Alameda

Interior

Heating None

Fireplace No

Exterior

Garage On Street

Roof Type Shingle

Building

Sewer Public Sewer

Others

Tax ID 3137

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Conventional, 1031 Exchange, FHA

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California Regional MLS (CRMLS)
Listed by Tyler Abraham • Intero Real Estate Services
Bought with David Greene • Keller Williams
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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