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3114 Ashbrook Ct — Oakland | Belmont Brokerage

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$1,275,000

5,160 sqft lot|1952 Built|1 DOM

3114 Ashbrook Ct, Oakland, CA 94601

Property Description

3114 Ashbrook Ct, an 8-unit multifamily property in Oakland's Fruitvale corridor offered at $1,275,000 ($159,375/unit, $305/SF) at a 6.75% current cap rate and 9.44 GRM, with a path to a 10.93% pro forma cap as in-place rents are brought to market. The unit mix consists of (6) 1x1, (1) 2x1, and (1) Studio, with current in-place monthly income of $11,034 versus $16,015 at market — a 45.1% rent upside. Five on-site garage parking spaces and on-site laundry facilities contribute to income, with additional potential from currently unrented storage units. The property sits within walking distance of Fruitvale BART (~0.9 mi) and less than one mile from both I-580 and I-880.

Listing provided by: Willem BosDRE #02013980415-660-9955 willem@bosgroupcre.com, COMPASS

MLS #: 41131980