Thank you
David Howarth
The Pinza Group, Inc
510-725-4775
6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning, and more. The property is easy to manage and is separately metered for PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1064875765 | 3 | 3 | 0 | 0 |
2 | 1064875765 | 3 | 3 | 0 | 0 |
3 | 1064875765 | 3 | 3 | 0 | 0 |
4 | 1064875765 | 3 | 3 | 0 | 0 |
Total Baths: 0
Sewer : Public Sewer
Flooring: Wood
See Remarks
Air Conditioning
Has Heating
Year Built: 1924
Construction: See Remarks
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2095
Lot Size Source: Public Records
Lot Size Square Feet: 9125
Original List Price: 1,675,000
Listing Contract Date: 2024-03-26
Parcel Number: 33213546
Garage Description: Other
Lease Term: Negotiable
Tenant Pays: Gas
Source Listing Status: Active
Source Neighborhood:
Directions: Foothill Blvd Right on Bridge Avee Cross Street: Foothill Blvd.
Source Property Type: Residential Income
Property SubType: Quadruplex
Property Age: 100
Structure Type: Quadruplex
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2 Peroly Ct, Oakland, CA,94601 | $699,000 | 4 | 2 | 1,048 | 8277 Sqft |
2946 E 29th Street, Oakland, CA,94601 | $1,199,999 | 9 | 4 | 3,157 | 4800 Sqft |
3021 E 7th St, Oakland, CA,94601 | $795,000 | 8 | 4 | -- | 6500 Sqft |
1515 54th Avenue, Oakland, CA,94601 | $450,000 | 3 | 1 | 1,029 | 4000 Sqft |
3482 Paxton Ave, Oakland, CA,94601 | $799,000 | 3 | 2 | 1,652 | 6780 Sqft |
340 29th Ave #203, Oakland, CA,94601 | $489,000 | 1 | 1 | 735 | 25949 Sqft |
3701 International Blvd, Oakland, CA,94601 | $2,700,000 | -- | -- | -- | 5000 Sqft |
916 36th Ave, Oakland, CA,94601 | $575,000 | 2 | 1 | 936 | 5850 Sqft |
3617 San Leandro St, Oakland, CA,94601 | $825,000 | -- | -- | -- | 5500 Sqft |
2344 E 17th, Oakland, CA,94601 | $1,900,000 | -- | -- | -- | 6375 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 13:21
MLS: 41053921
LISTED BY: David Howarth, The Pinza Group, Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.