Price Reduction
Listed By:
Mickelin Burnes-Browne with Mickelin Burnes Browne, Broker - 408-569-0978
Address
2649 62nd AVE, Oakland, CA
Price
$ 1,025,000
Property Attributes
  • MLS#ML81951352
  • TypeMulti-Family
  • CountyALAMEDA
  • CityOakland
  • AreaOakland Zip Code 94605
  • Zip94605
  • Style
  • Price$ 1,025,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3289
  • Lot Size3,759 SqFt
Data Source:
MLSListings Inc.
Property Description

50,000 PRICE REDUCTION, Seller Motivated. In today's high interest rate environment you must find unique buildings that will outpace inflation and cash flow immediately considering current interest rates. This property will deliver immediate cash flow returns while maintaining the growth potential in the rents due to having 4 subsidized tenants on HUD's VASH program for Veterans which guarantees rental collections and even has the ability to obtain rental increases above the allowable amounts for market rate Rent Controlled units. Beat the street by purchasing this excellent investment property!

Price History
1/13/2024 Listed $1,100,000
3/15/2024 3% - $1,075,000
4/8/2024 5% - $1,025,000

General Features

Heating Wall Furnace
Cooling None
Utilities Public Utilities
Roof Rolled Composition
Water Water On Site
# of Buildings 1
Security Features Security Building,Window Bars
Restrictions None
Year Built 1960
View None
Age 64
Property SubType Five or More Units
City Limits (Y/N) Yes
Zoning Text Multi Family Dwelling
Incorporated Y/N Yes
Accessibility Parking
County Alameda
Property Type Commercial Multi-Residential (5+ units)
Special Listing Conditions Not Applicable
Status Active
City OAKLAND
MLS Area Oakland Zip Code 94605
Listing Agent State License 01082776
Co-Listing Agent State License # 01746140
Co-Listing Agent Last Name Steven
Co-Listing Agent Last Name Peterson

Interior Features

Living SqFt 3289

Exterior Features

Parking Features Carport,Covered Parking
Parking Spaces 4
Lot Size Area 3760.00
Maximum Lot Size 3760.00
Sewer/Septic Sewer - Public
Meters Separate Electric,Separate Gas,Separate Water
Foundation Details Concrete Slab
Building Area Total 3289
Lot Acres 0.0863
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94605

Price
AVG $1.03M
$1.03M
Visits
AVG 136
135
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1960