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1806 41st Ave

6 Unit Block of Flats £785,055 (£130,842/Unit) 6.75% Net Initial Yield Oakland, CA 94601

Investment Highlights

  • Stable rental history
  • On-site maintenance person
  • Tremendous upside income potential
  • Conveniently situated near transportation

Executive Summary

This six-unit complex is now available for sale, offering a stable rental history and excellent investment potential. With an onsite maintenance manager, you can expect prompt and efficient management of any maintenance needs, ensuring tenant satisfaction and minimizing vacancy periods. The property has been maintained, presenting a well-cared-for exterior and interior. This factor not only enhances its overall appeal but also reduces the maintenance costs associated with older properties, minimizing the potential for unexpected expenses. Conveniently situated near transportation, this complex provides easy accessibility for tenants, making it an attractive option for those who rely on public transportation. This proximity to transportation hubs can also broaden the pool of potential tenants, increasing the demand for your rental units. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a stable investment opportunity, this six-unit complex offers the potential for long-term value and financial growth. Don't miss the chance to acquire this property with its appealing features and convenient location

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £785,055
Price Per Unit £130,842
Sale Type Investment
Net Initial Yield 6.75%
Gross Rent Multiplier 11
No. Units 6
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 0.09 AC
Building Size 3,692 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1959
Parking Ratio 1.08/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Heating
  • Refrigerator
  • Range
  • Carpet
  • Double Pane Windows

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 - 525 - 580
2+1 2 - 600 - 650
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033-2150-014-00
Land Assessment
£83,817 (2024)
Improvements Assessment
£90,104 (2024)
Total Assessment
£173,921 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code Multi-family (Multiplex)
Multi-family (Multiplex)
  • Listing ID: 30950122

  • Date on Market: 13/02/2024

  • Last Updated:

  • Address: 1806 41st Ave, Oakland, CA 94601

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