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, Oakland, CA 94606
--
bed
--
bath
· 7000
ft2 lot
$1,100,000
Listing provided courtesy of STEVEN PETERSON, INFINITY INVESTMENTS.
Source CRMLS.
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry.  Two of the units are rented close to market and the other Three are under market, which means there is also  upside value in the rents.
HOA
$—/month
On market
2 years
Year built
1964
Property type
Condo
Parking
MLS
40845547
Price / Sq.Ft.
ft2
Status
Active
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Property Details
Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Property, Lot, Community & Exterior Features
Lot Info
•   
Lot Features: Sloped Down
•   
Lot Size Acres: 0.1600
•   
Lot Size Area: 7000.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Total Units: 5
Building Info
•   
Construction Materials: Stucco
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Gas
•   
Tax Annual Amount: 17316.00
•   
Other Expense: 0.00
•   
Professional Management Expense: 4798.00
•   
Gross Scheduled Income: 97920.00
Lease Info
•   
Net Operating Income: 58866.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 17199.0
Listing Info
•   
Status: Active
School Neighborhood & Directions
Location
•   
Directions: 1947 E. 22nd St., Oakland, CA Cross Street: 19th Ave.
Other
Calculation
•   
Dom: 582
•   
Cdom: 582
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 11, 2021 4:40pm
Neighborhood snapshot
30
Properties for sale
12
Median days on market
$538.00
Median sold price/sqft
112.95%
Sold/List %
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Property History
05/30/2019
05/30/2019
Public Record
sold
Public Record
$980,000
--10.91%
11/08/2018
11/08/2018
CRMLS #40845547
active
CRMLS #40845547
$1,100,000
+68.97%
11/22/2016
11/22/2016
Public Record
sold
Public Record
$651,000
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