Six-unit
Investment Property
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Conveniently
located on the corner of Oakland Avenue and Santa Rosa Avenue,
within walking distance to Grand Lake and Piedmont Avenue Shops,
this turn-of-the-century six-unit building is a perfect investment
property in one of the most sought after locations in the East
Bay.
On a large corner lot with mature landscaping, this building
features five one-bedroom one-bath units, and one attic studio,
all with plentiful natural light.
All of the units have much of their original charm intact, including
hardwood floors, coved ceilings and nice floorplans.
Several of the kitchens are remodeled with new cabinets and
new appliances.
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The building offers on-site coin-operated
laundry facilities, large storage room in the basement, and a
detached garage.
The Grand Lake District is known for its restaurants, entertainment,
quaint shops, Farmers Market, parks and unique recreational areas.
In addition, this vibrant neighborhood offers direct access to
all major freeways, Downtown Oakland, Jack London Square and the
easiest of commutes to the Bay Bridge and San Francisco.
Offered at $865,000
Current
Rent Rolls:
151-A Santa Rosa 1 Bedroom $1,100
151-B Santa Rosa 1 Bedroom $1,050
151-C Santa Rosa Studio $ 625
151-D Santa Rosa 1 Bedroom (attic) $ 925
570 Oakland Ave 1 Bedroom $1,075
570 Oakland Ave 1 Bedroom(vacant) $1100-$1200
Monthly Rent (including $1200 for vacant unit): $5,975
Annual Rent: $71,700
Expenses:
Owner Pays: Water, Garbage, PG&E for attic unit & common
areas
Tenants pay: PG&E (except attic unit)
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