740-744 Alcatraz Ave
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740-744 Alcatraz Ave
5 Unit Block of Flats £925,547 (£185,109/Unit) 7.42% Net Initial Yield Oakland, CA 94609
Executive Summary
Motivated Seller looking at all offers!
Call agent for showings
This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South
Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow.
With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Call agent for showings
This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South
Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow.
With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.
Property Facts Under Contract
| Price | £925,547 | Property Subtype | Apartment |
| Price Per Unit | £185,109 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7.42% | Lot Size | 0.14 AC |
| Sale Conditions | 1031 Exchange | Building Size | 2,413 SF |
| Gross Rent Multiplier | 9.7 | Number of Floors | 2 |
| No. Units | 5 | Year Built | 1910 |
| Property Type | Residential | Parking Ratio | 4.97/1,000 SF |
| Price | £925,547 |
| Price Per Unit | £185,109 |
| Sale Type | Investment |
| Net Initial Yield | 7.42% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 9.7 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,413 SF |
| Number of Floors | 2 |
| Year Built | 1910 |
| Parking Ratio | 4.97/1,000 SF |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 016-1432-009-00 | Improvements Assessment | £738,469 |
| Land Assessment | £196,925 | Total Assessment | £935,394 |
PROPERTY TAXES
Parcel Number
016-1432-009-00
Land Assessment
£196,925
Improvements Assessment
£738,469
Total Assessment
£935,394
zoning
| Zoning Code | R-50, Oakland |
| R-50, Oakland |
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740-744 Alcatraz Ave
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