368 Adams St, Oakland, CA 94610
List Price: $1.29M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1925
Lot Size: 6,250 sq ft
MLS Number: 41144653
About This Property
4-unit apartment complex located in Adams Point near many popular restaurants, shopping options, and outdoor activities. The unit mix offers three (3) 1bd/1bth units and one (1) studio unit with strong current income and excellent rental upside. Currently, the property is 100% leased to stable tenants providing for an opportunity for the next owner to increase rents over time for increased cash flow. The property was originally built in 1925, offers approximately 3,275 square feet of rental space, and sits on a 6,250 square foot lot with a huge backyard and room for off-street parking. The units have been recently remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, refinished wood flooring, custom tile, new paint, and more. The property is easy to manage and requires very little maintenance resulting in low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. This is a high demand Adams Point location near Lake Merritt, Grand Lake shopping, with easy access to downtown Oakland. The Adams Street area is one of the city’s most established and in-demand sub-markets and is always easy to rent.
Listing provided by: David Howarth DRE #01360348 510-725-4775 david@pinzagroup.com, The Pinza Group, Inc
Source: CRMLS, MLS #: 41144653
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.