- 6-unit Apartment Complex Featuring an Attractive Unit Mix of One 4bd/2bth Unit, Two 3bd/1bth Units, Two 2bd/1bth Units, and One Studio Unit
- Stable Tenants with Strong Current Income, Separately Metered for Gas and Electric, with Low Annual Operating Expenses
- Updated Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
- Attractive Oakland Location Near Mills College with Easy Access to Downtown Oakland, San Leandro, HWY580, HWY880 and BART
- Current Cap Rate: 9.5%, ProForma Cap Rate: 11.33%
- Current GRM: 7.37, ProForma GRM: 6.4
- Year Built: 1938, Price/Unit: $191,667, Price/SqFt: $272.19

6-unit apartment complex with excellent current income and an attractive unit mix of one 4bd/2bth unit, two 3bd/1bth units, two 2bd/1bth units, and one studio unit. The current cap rate is 9.5% and the current GRM is 7.37. The property was built in 1938, offers 4,225 square feet of rental space, and sits on an oversized 9,998 square foot lot, with a nice backyard area and plenty of parking. The units are large and offer a variety of upgrades including newer kitchens and bathrooms, double pane windows, a newer roof, newer flooring, and more. The tenants are all very nice and easy to manage with rents close to market rates. The property has very little deferred maintenance and is separately metered for water and PG&E providing for low annual operating expenses. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential.