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6-Unit Investment on 9,725 SqFt Lot 3675 39th Ave

6 Unit Block of Flats £1,013,273 (£168,879/Unit) 7.42% Net Initial Yield Oakland, CA 94619

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Investment Highlights

6-unit Apartment Complex Offering Six 2bd/1bth Units with Strong Current Cash Flow and Excellent Upside
Low Maintenance Property with Upgraded Electrical, Plumbing, Newer Roof, and Double-Pane Windows
Excellent Laurel District Location East of MacArthur Blvd. Near Many Restaurants, Coffee Shops, and Shopping Options

Remodeled in 2015 with New Flooring, New Paint, New Appliances, New Cabinets, New Countertops, New Lighting, New Tile, and More
Owner-Managed with Low Annual Operating Expenses and Extra Large 9,725 SqFt Lot
Secure Gated Parking, Onside Coin-Op Laundry and $595,000 of Assumable Debt at 3.95%

Executive Summary

6-unit apartment complex featuring six 2bd/1bth units with strong current income and excellent rental upside. The property was originally built in 1979, offers approximately 5,340 square feet of rental space, and sits on an extra-large 9,725 square foot lot with 8 parking spaces and a nice backyard area. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. The units have been remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property has been historically managed by the owner and offers low annual operating expenses. Currently there is one vacant 2bd/1bth unit that’s perfect for an investor seeking high market rents or a possible owner-occupant. This is an excellent Laurel District location on the east side of HWY 580 on a nice residential neighborhood east of MacArthur Blvd. This location is near all the popular restaurants and shopping options and is in high demand with tenants.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE & PRIVATE SHOWING.

Property Facts

Price	£1,013,273	Apartment Style	Low Rise
Price Per Unit	£168,879	Building Class	C
Sale Type	Investment	Lot Size	0.22 AC
Net Initial Yield	7.42%	Building Size	4,340 SF
Gross Rent Multiplier	7.21	Average Occupancy	100%
No. Units	6	Number of Floors	2
Property Type	Residential	Year Built	1979
Property Subtype	Apartment	Parking Ratio	2.3/1,000 SF

Price	£1,013,273
Price Per Unit	£168,879
Sale Type	Investment
Net Initial Yield	7.42%
Gross Rent Multiplier	7.21
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.22 AC
Building Size	4,340 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1979
Parking Ratio	2.3/1,000 SF