740 Alcatraz Ave Pending

Oakland,CA 94609

$ 1175000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 41068194

Year Built 1910

Lot Size 5,998 Sqft

Property Description

This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.

Location

State CA

County Alameda

Interior

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Building

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