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    3035 School Street

    Oakland, CA 94602
    • $2,225,000
    • STATUS: Pending
    • ON SITE: 26 days
    • MLS #: 421587150
    Pending
    UPDATED: 25 min ago
    $2,225,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,266
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    3035 School St is a 9-unit apartment building located in the Upper Peralta Creek neighborhood of Oakland. Built in 1963, the property is a 7,266 sq. ft. structure that sits on an 8,800 sq. ft./0.202-acre lot between Coolidge Ave and Pleitner Ave. The 9-Unit property is comprised of an ideal unit mix of eight X 2-bedroom, 1-bathroom units and one X 3-bedroom, 2-bathroom unit that average approximately 808 sq. ft. Two units have undergone significant renovations are achieving average rents of $2,598. 3035 School St has strong value-add potential with the current in place rents at roughly 50% below market rate and the ability to potentially increase the net operating income by 99%.

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    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-09-16T14:21:00.913.
    www.sfhothomes.com/homes/120692228
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    3035 School Street Oakland, CA 94602

    • Price: $2,225,000
    • Status: Pending
    • Updated: 25 min ago
    • MLS #: 421587150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,266
    SQFT
    $306
    $/SQFT
    1963
    Built
    Neighborhood:
    Oakland Zip 94602
    County:
    Alameda
    Area:
    Oakland Zip 94602
    Property Description
    3035 School St is a 9-unit apartment building located in the Upper Peralta Creek neighborhood of Oakland. Built in 1963, the property is a 7,266 sq. ft. structure that sits on an 8,800 sq. ft./0.202-acre lot between Coolidge Ave and Pleitner Ave. The 9-Unit property is comprised of an ideal unit mix of eight X 2-bedroom, 1-bathroom units and one X 3-bedroom, 2-bathroom unit that average approximately 808 sq. ft. Two units have undergone significant renovations are achieving average rents of $2,598. 3035 School St has strong value-add potential with the current in place rents at roughly 50% below market rate and the ability to potentially increase the net operating income by 99%.
    Exterior Features

    Independent Parking Spaces 0 Lot Features Shape RegularSidewalk Parking Features CarportCovered Parking Total 9 Patio And Porch Features Balcony/DeckCovered PatioVaries By Unit Roof FlatTar/Gravel Tandem Parking Spaces 0

    Interior Features

    Appliances DisposalFree Standing Gas OvenFree Standing Gas RangeFree Standing RefrigeratorGas Cook Top Basement PartialStorage Area Flooring CarpetLaminateVaries By UnitVinylOtherSee Remarks Heating GasWall Furnace Laundry Features Coin OperatedIn Common Area Rooms Total 37 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

    Property Features

    Cap Rate 4.38 Listing Terms 0 Number Of Units Vacant 0 Property Sub Type 5 Or More Units Security Features Secured AccessSecurity FenceSecurity GateVideo System Separate Meters ElectricityGas Special Listing Conditions None Subtype Description Apartments Tenant Pays ElectricityGasOther Unit Type Commercial Units Total 0 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 0 Unit Type2 Bedroom Units Total 8 Unit Type3 Bedroom Units Total 1 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit4 Rent 0

    Listing provided courtesy of Keith Manson of Cbre.


    © 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams San Francisco. Data last updated 2021-09-16T14:21:00.913.
     
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