| 1410
Magnolia Street, Sold at $530,000 |
Investment
Property
Opportunity
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On
a tree-lined street a block away from beautiful DeFremery Park,
near the library and the local community center, this sixunit
contemporary building is a perfect investment property in an
up-and coming area of West Oakland.
Designed
in an art-deco reminiscent style, this building is set back
from the street and features two spacious individual units per
level. Each unit features one bedroom and one bath, separate
meters including water, and individual access. The City of Oakland
Beautification Planning Committee has conducted extensive renovations,
making this neighborhood the most desirable area in all of West
Oakland.
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Power lines have been relocated underground. Hundreds of decorative
trees have been planted, and some of the most beautiful architecture
in the East Bay has been preserved. This vibrant neighborhood
offers close access to all major freeways, with the easiest of
commutes to the Bay Bridge and San Francisco. It also offers convenience
to BART, Downtown Oakland, Jack London Square and the IKEA shopping
corridor.
Sold at: $530,000
Current Rent Rolls:
Unit No. 1 $570.00
Unit No. 2 $622.00
Unit No. 3 $895.00
Unit No. 4 $650.00
Unit No. 5 $622.00
Unit No. 6 $622.00
Total: $3921.00
Expenses: (1/1/2003 - 12/31/2003)
Fire Insurance $2,130.00 (Current)
Property Taxes $8,035.00 (Based on Sales Price)
Garbage $1,400.00
City Unit Tax $1,144.00
Business License Tax $1,664.00
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Offers
Prospective Buyers are advised to review, prior to any offer presentation,
the “Seller’s Disclosure Package” on file with
the Listing Agent
Escrow
Escrow has been opened with Commonwealth Title Company, Grand
Avenue location, Betty Pon, Escrow officer.
Exclusions
Stager's furnishings and seller's potted plants
Please Note
Neither Prudential California Realty nor the Listing Agent guarantee
or warrant the accuracy of lot size, square footage or other information
concerning the features or condition of this property provided
by the Seller or obtained from the public record or other sources,
and the Buyer is advised to independently verify the accuracy
of this information through personal inspection and with the appropriate
professionals.
"Opening doors in your neighborhood..."
Richard Matus
510.506.8896
Cell
510.834.3841 Fax
510.834.2010 Office
510.287.2501 Voice Mail
richard@bestebproperties.com
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