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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 8 out of 13
$2,950,000 For Sale

1300 International Blvd.
Oakland, CA 94606

6 units | Multi Family Home
6098 sq ft - MLS# 40859449
Property Photo
1/40

Description

Contractor owner purchased this property in the late '70s and has made his own improvements since then. He converted the building by permit to 5 residential and 1 commercial unit. The 5 large residential units are 2 bedrooms with excellent tenants. The units are remodeled/upgraded each time it goes vacant. The restaurant pays $4,200 a month. The owner also receives $12,754 annually from Clear Channel® for billboard lease. The building also features an additional 3,663± sf basement which owner is using for workshop/office/storage. Stylish loft-style units feature skylights, hardwood/softwood floors, updated kitchens, makers spaces and much more! Possible residential rent increases are banked!! This is a great opportunity if you're looking for positive cash flowing investment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94606
  • Year Built: 1920
  • Age: 99
  • Sq.Ft.: 15,250 sq ft
  • Units: 6 units
  • Basement: Separate Entry, Storage Area, Other
  • Lot Size: 6098 sq ft
  • Zoning: CN-3
  • Addtl Features Misc.: Balcony/Patio
  • All Units Have: Dishwasher, Disposal, Patio, Updated Baths, Updated Kitchen, Refrigerator
  • Annual Gross Sched Inc: 138371
  • Annual License Exp: 1200
  • Annual Maint Exp: 6000
  • Annual Rent Inc: 172104
  • Annual Taxes: 2763
  • Annual Util Exp: 6260
  • Annual Vacancy: 1
  • Apx Lot Sq Ft: 6217
  • Cap Rate: 4.69
  • Equipment Additional: Fire Sprinklers, Water Heater Gas, Other
  • Exterior: Stucco
  • Flooring: Hardwood Floors, Vinyl, Carpet, Other
  • Gross Income: $172,104
  • Gross Oper Actual Inc: 172104
  • Heating: Other Heat
  • Laundry: Coin Operated, Common Room
  • Lot Description: Corner
  • Net Oper Income: $89,421
  • Operating Expenses: Insurance, License/Ads, Maintenance/Repair, Miscellaneous/Other, Trash Removal, Water, Other
  • Other Ann Exp: 10000
  • Roof: Composition Shingles
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Tot Ann Oper Exp: 33723
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 2
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 2
  • Unit # 5 # Of Bathrooms: 1
  • Unit # 5 # Of Bedrooms: 2
  • Unit 1 # Units This Type?: Restaurant
  • Unit 2 # Units This Type?: 1410 13th
  • Unit 3 # Units This Type?: 1304 #1
  • Unit 4 # Units This Type?: 1304 #2
  • Water/Sewer: Sewer System - Public, Water - Public
Courtesy of Valva Realty Company, David R. Valva



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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