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890 31st Street

Oakland, CA 94608
  • $850,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: ML81954055
UPDATED: 179 min ago
$850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,728
    SQFT
  • $312
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

School District:
Listing Agent(s): Gary Tsang of Fida Realty (650-200-3828)


Description

Huge upside opportunity for the resourceful investor or first time home buyer. Current 4 CAP with potential for 10 CAP plus! This 4-plex consists of all 2 bedrooms 1 bath units each with their own electric and gas meters. Lower vacant unit is fully updated with new kitchen cabinets, bathroom, and bedrooms. Conveniently located in between MacArthur and 19th St BART stations, this property is also easily accessible from 80, 24, 580, and 980 freeways. A large 6040 sq ft lot with a double wide frontage allows for tremendous expansion possibilities for ADU and development potential. You can start adding expansion units right away for additional income while renovating the existing units to bring up to market rent. Easy to rent with great upside makes this an excellent choice for investment or live in one and rent out the others. 1 downstairs unit deliver vacant at COE. 4-plex all units are 2 bedrooms 1 bath. No sign on property please do not disturb tenants. All current leases are month to month. Lower Unit 1 is vacant, lease amount shown is for calculation only. This won't last!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147562907
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890 31st Street Oakland, CA 94608

  • Price: $850,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 179 min ago
  • ID#: ML81954055
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,728
SQFT
$312
$/SQFT
1907
Built
Neighborhood:
699 - Not Defined
County:
Alameda
Area:
699 - Not Defined
School District:
Other
Property Description
Huge upside opportunity for the resourceful investor or first time home buyer. Current 4 CAP with potential for 10 CAP plus! This 4-plex consists of all 2 bedrooms 1 bath units each with their own electric and gas meters. Lower vacant unit is fully updated with new kitchen cabinets, bathroom, and bedrooms. Conveniently located in between MacArthur and 19th St BART stations, this property is also easily accessible from 80, 24, 580, and 980 freeways. A large 6040 sq ft lot with a double wide frontage allows for tremendous expansion possibilities for ADU and development potential. You can start adding expansion units right away for additional income while renovating the existing units to bring up to market rent. Easy to rent with great upside makes this an excellent choice for investment or live in one and rent out the others. 1 downstairs unit deliver vacant at COE. 4-plex all units are 2 bedrooms 1 bath. No sign on property please do not disturb tenants. All current leases are month to month. Lower Unit 1 is vacant, lease amount shown is for calculation only. This won't last!
Exterior Features

Carport Spaces 0 Foundation Details Slab Parking Total 10 Roof Shingle View YN No

Interior Features

Accessibility Features None Cooling YN Yes Heating YN Yes

Property Features

Association YN No Cap Rate 4.04 Garage YN No Gross Scheduled Income 60000 Insurance Expense 1800 Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 0 Other Expense 0 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 16164 Trash Expense 2821 Water Source Public Zoning RIN FOURPLEX



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Gary Tsang of Fida Realty (650-200-3828)