Four
Unit Investment
Opportunity
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Conveniently
located a block away from Lake Merritt, and around the corner
from the Grand and Lakeshore Avenues shopping corridors, this
contemporary four-unit, stucco facade building is a perfect
investment property in one of the most sought after locations
in the East Bay.
With over 5,000 square feet of living space, this building features
three two-story, 2-bedroom 2-bath townhouse units and the convenience
of a full floor 3-bedroom 2-bath penthouse unit.
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This modern building presents a welcoming lobby complete with
elevator, intercom system and secure access. One parking space
is allocated for each unit in the secure street level garage.
All four units offer open living and dining rooms with modern
kitchens, well-lit bedrooms and spacious bathrooms.
The Lake Merritt 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.
Sold at: $838,000
Current Rent Rolls:
Unit No. 1 $1,050.00
Unit No. 2 $1,803.00
Unit No. 3 Vacant (Estimated - $1300.00 or more)
Unit No. 4 $1,471.00
Total: $4624.00
Expenses: (1/1/2003 - 12/31/2003)
Fire Insurance $12,946.00
Property Taxes $12,250.00 (based on sales price)
Electric/Gas $ 67.00
Garbage $ 1,200.00
City Unit Tax $ 96.00
Business License Tax $12,2771.00
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