$11,650,000
$12,950,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
0.68 Acres Lot
SOLD DATE : 08/21/2023
Key Details
Sold Price $11,650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41014158
Sold Date 08/21/23
HOA Y/N No
Year Built 1956
Lot Size 0.680 Acres
Property Description
237-263 41st Street is a 48-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of two side-by-side twenty-four-unit buildings with a mix of one and two-bedroom units. Amenities include 46 covered parking spaces, four on-site laundry rooms, and storage closets. Both gas and electricity are individually metered and each unit is equipped with its own water heater. The property offers over $350,000 of annual rental upside allowing a new owner to maximize their return over time. Both buildings have been seismically retrofitted making this a true turn-key asset. This highly sought-after location will continue attracting premium tenants and maintain a low vacancy rate.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Composition
Total Parking Spaces 46
Others
Tax ID 129964 & 5
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Bought with Timothy Warren • NAI Northern California
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States