Bought with Steven Peterson • INFINITY INVESTMENTS
$830,000
$799,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
2530 Myrtle St Oakland, CA 94607
2,487 SqFt
Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,487 sqft
Price per Sqft $333
Subdivision West Oakland
MLS Listing ID 41066726
Sold Date 09/13/24
HOA Y/N No
Originating Board Bridge AOR
Year Built 1904
Lot Size 4,900 Sqft
Property Description
Terrific investment opportunity! 1904 Victorian fourplex centrally located in West Oakland’s McClymonds neighborhood. Two story building with four leased 1BR/1BA units. The lower units have separate entrances and the upper units are accessed through a secure stairwell. Units feature hardwood floors in living areas, tiled floors in kitchens and bathrooms, updated bathrooms and kitchens with gas ranges. There are shared laundry facilities in the basement and there is gated parking for 4+ cars or potential for future development. There is a communal garden bed vibrant with tomato plants. Property generates $70k in annual rents and currently runs at ~6.0% cap rate. The property is centrally located near some of West Oakland’s finest: Spinning Dough Pizzeria, Soba Ichi, Brix Factory Brewing, Ghost Town Brewing, and Raimondi Park, home of the Oakland Ballers. Oakland’s Uptown neighborhood, anchored by the Fox and Paramount Theaters, is just a mile away. Downtown San Francisco is about a 15-minute drive.
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Hardwood, Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Community Facility, In Basement
Exterior
Parking Type Parking Lot
Building
Lot Description Level, Regular
Water Public, Mutual Water
Schools
School District Oakland (510) 879-8111, Oakland (510) 879-8111
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