Oakland CA  home offered at $2,150,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

3285 Delaware St
Oakland, California CA 94602
Price: $2,150,000
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Listing ID: 40846798
Status: Pending
Acres: 114 Acres
Subdivision: LAUREL DISTRICT
Year Built: 1985

No rent control!!! High Cash Flow 3285 Delaware is an attractive newer construction building in the sought-after Laurel neighborhood of Oakland. The building consists of 8 well-maintained units with a mix of 6 large 1 bedrooms and 2 – 2 bedrooms with 8 dedicated off street parking spaces. Units have similar layouts with small breakfast areas, dishwashers and garbage disposals, lots of storage, and natural sunlight coming from all sides. Two units have been extensively remodeled, with high-end finishes. The building received a new roof in 2016 and has been recently painted. There is on-site laundry and the property is separately metered for gas & electric which keeps operating costs down. Priced at over a 5% cap rate, this is a high quality cashflow investment in a quiet location above 580.

Primary Features

Cooling Type: None
County: Alameda
Heating Type: Wall Heater
Year Built: 1985

Additional

Lot Size Units: Square Feet
Number Of Units Total: 8

Interior Features

Cooling: no
Heating: yes

Financial Details

Cap Rate: 5.25
Gross Scheduled Income: 168335
Net Operating Income: 112855
Tenant Pays: Gas

External Features

Construction Materials: Wood Siding
Lot Size Area: 5000
Lot Size Square Feet: 5000
Roof: Shingle

Location Information

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of BEN WEIL from COMPASS . Last updated Sunday, May 19th, 2019.

Contact - Listing ID 40846798

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

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