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Jack London Square Realty & Metro Bay Realty

Jack London Square Realty
510-452-1927

Metro Bay Realty
510-452-1919


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Listing 7 out of 7
Sold for $1,125,000 Sold

678 18th St
Oakland, CA 94612

2 units | Multi Family Home
3920 sq ft lot - MLS# 40854515
Property Photo

Sold

Sold for $1,125,000 on May 9, 2019

Description

A unique, value add duplex in the heart of Oakland's Uptown entertainment district. This property was originally built in 1895 and sits on a 4,000 SF lot. Both units had full interior remodels in 2015 and each contain 3 bedrooms/1 bath. Great for investors and an owner occupied situation. The hidden value with this parcel is the ability to add more units. The seven unit property next door was built on the exact same size lot. With the parking regulations on this block set to zero and the ability to build up to six stories high, the sky is literally the limit. This is an amazing opportunity that provides an investor the ability to acquire a fantastic money producing asset, with significant upside potential, in one of the fastest growing rental markets in the nation. Buyer to verify all information.

Features

  • Property Type: Multi Family Home
  • Sub Type: DUPLEX
  • Listing Status: Sold
  • Listing Price: $1,199,000
  • County/Area: Alameda County
  • Zip Code: 94612
  • Year Built: 1895
  • Age: 124
  • Units: 2 units
  • Basement: Separate Entry
  • Lot Size: 3920 sq ft lot
  • Zoning: C-51
  • Addl Property Description: Laundry In Basement For Both Units. Owner's Laundry Is Behind A Locked Door. Back Deck For Upper Unit. Garden Area And More Parking In Back Yard.
  • Addtl Misc. Features: Garden
  • Annual Gross Sched Income: $40,800
  • Annual Insurance Expense: $1,712
  • Annual Rental Inc: 40800
  • Annual Total Oper Exp: 17444
  • Annual Utility Expense: $3,760
  • Cooling: No Air Conditioning
  • Equipment Additional: Dryer, Washer
  • Existing Lease Terms: Security Deposit, Written Agreement
  • Exterior: Wood Frame, Wood Siding, Wood
  • Flooring: Laminate, Tile, Wood
  • Heating: Forced Air 1 Zone, Wall Furnace
  • Laundry: Laundry Equip - Owned
  • Lot Description: Level, Other
  • Lot Sq Ft Apx: 4000
  • Net Operating Income: $23,356
  • Park Spc Tot: 4
  • Parking Description: Off Street Parking
  • Roof: Composition Shingles
  • Separate Meters: Electric
  • Tenant Pays: Cable TV, Electric
  • Total Deposits: 1700
  • Unit 1: 3-Bedrooms, 1-Bathrooms
  • Unit 2: 3-Bedrooms, 1-Bathrooms
  • Water/Sewer: Sewer System - Public, Water - Public
  • Yard Description: Back Yard, Fenced, Other
  • Sold Price: 1125000
  • Sold Date: 2019-05-09
Courtesy of Cobalt Real Estate, Matthew Osofsky



Jack London Square Realty | 510-452-1927 | Contact Us
311 Oak Street, Suite 116 - Oakland, CA 94607

Metro Bay Realty | 510-452-1919 | Contact Us
579 9th Street - Oakland, CA 94607

CalDRE #01370753

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