3420 Delaware St
3 Unit Block of Flats £654,842 (£218,281/Unit) 6.87% Net Initial Yield Oakland, CA 94602
INVESTMENT HIGHLIGHTS
- Located in the highly desirable Laurel District
- Long term tenants
EXECUTIVE SUMMARY
Welcome to this fully occupied triplex in Oakland’s vibrant Laurel District. This property features two spacious 2-bedroom, 2-bathroom units and one 2-bedroom, 1-bathroom unit, offering versatile living arrangements. Each unit boasts ample natural light and a comfortable layout, perfect for tenants or an owner-occupant. The property includes three attached garages, providing convenience and additional storage, as well as an on-site coin laundry for added income potential. Whether you're looking for a place to call home or a steady cash flow investment, this triplex checks all the boxes. Don’t miss this chance to own a solid, income-producing property in one of Oakland’s most desirable neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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
|
PROPERTY FACTS
| Price | £654,842 |
| Price Per Unit | £218,281 |
| Sale Type | Investment |
| Net Initial Yield | 6.87% |
| Gross Rent Multiplier | 11 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,794 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.63/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | 943 |
| 2+1 | 1 | - | 735 |
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Walk Score®
Very Walkable (87)
