1019 33rd St, Oakland, CA 94606

Property Description

The Bos Group is excited to present this exclusive listing at 1019 E 33rd St in the desirable Ivy Hill location. Nestled away in a quiet neighborhood, this 4-unit apartment building has gone through extensive capital improvements throughout the years, while also offering tenants upscale landscaping and common areas. The structure is a fourplex featuring (4) spacious one-bedroom, one-bathroom units. One of the units will be delivered vacant by September, allowing the perfect opportunity for an owner-occupant or house hacker. Separately metered gas and electricity means there are low overhead expenses. The shared laundry room, 3 storage lockers, and 3 secured garages are all additional sources of income. See list of upgrades on Disclosure.IO link on Homelight. 1019 E 33rd St is priced to sell with a generous return of 4.77% on day one. It is offered at a 4.80% CAP and with over 20% rental upside, still has plenty of meat on the bones. 1019 E 33rd St is a great deal for any investor who is looking for a turnkey acquisition boasting low risk and major long-term upside.