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    316 Oakland Avenue

    Oakland, CA 94611
    • $2,288,000
    • STATUS: Active Under Contract
    • ON SITE: 86 days
    • MLS #: 421529750
    Under Contract
    UPDATED: 32 min ago
    $2,288,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,886
      SQFT
    • $589
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    316 Oakland Ave is an 8-unit apartment building located in the Adams Point neighborhood. The 3,886 SF structure was built in 1920 and is on a 4,000 SF lot. The property features a unit mix of 4 X studios, 2 X 1-bed, 1-bath units & 2 X 2-bed, 1-bath units. Every unit is individually metered for gas & electric & each unit has an individual water heater. The property has 3 secured parking garages and has an on-site card-operated laundry facility. The parking garages provide the potential opportunity for investors to complete an ADU conversion to increase the property's ability to produce rental income. The property is well managed & well maintained & has experienced 100% rent collection during the COVID-19 Pandemic. The current owners have completed significant interior and exterior capital improvements throughout their ownership including: a new roof, a foundation upgrade, new exterior paint job, kitchen & bathroom upgrades in several units & new heating systems in several units.

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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 2021-06-13T21:20:24.857.
    www.sfhothomes.com/homes/115242654
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    316 Oakland Avenue Oakland, CA 94611

    • Price: $2,288,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • MLS #: 421529750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,886
    SQFT
    $589
    $/SQFT
    1920
    Built
    Neighborhood:
    Oakland Zip 94611
    County:
    Alameda
    Area:
    Oakland Zip 94611
    Property Description
    316 Oakland Ave is an 8-unit apartment building located in the Adams Point neighborhood. The 3,886 SF structure was built in 1920 and is on a 4,000 SF lot. The property features a unit mix of 4 X studios, 2 X 1-bed, 1-bath units & 2 X 2-bed, 1-bath units. Every unit is individually metered for gas & electric & each unit has an individual water heater. The property has 3 secured parking garages and has an on-site card-operated laundry facility. The parking garages provide the potential opportunity for investors to complete an ADU conversion to increase the property's ability to produce rental income. The property is well managed & well maintained & has experienced 100% rent collection during the COVID-19 Pandemic. The current owners have completed significant interior and exterior capital improvements throughout their ownership including: a new roof, a foundation upgrade, new exterior paint job, kitchen & bathroom upgrades in several units & new heating systems in several units.
    Exterior Features

    Construction Materials FrameStuccoWood Exterior Features Yard Space Foundation Details ConcreteConcreteperimeter Independent Parking Spaces 0 Lot Features Curb(S)Curbs/GuttersShape RegularSidewalk Parking Features AttachedCoveredGarageGarage Door OpenerOff Street Parking Total 3 Roof BitumenFlat Tandem Parking Spaces 0

    Interior Features

    Appliances Free Standing Gas OvenFree Standing Gas RangeFree Standing RefrigeratorGas Water HeaterVaries By Unit Basement UnfinishedOther Flooring CarpetSimulated WoodTileVaries By UnitVinyl Heating BaseboardCentralElectricGasVaries By UnitWall Furnace Laundry Features Coin OperatedIn Common Area Rooms Total 22 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 Window Features Dual Pane Full

    Property Features

    1 Bedroom Rent Range 1850-2000 2 Bedroom Rent Range 2325-2490 Cap Rate 5.26 Lease Terms Varies By Unit Number Of Units Vacant 0 Property Sub Type 5 Or More Units Security Features Carbon Mon DetectorDouble Strapped Water HeaterSmoke Detector Separate Meters ElectricityGas Special Listing Conditions None Studio Rent Range 1575-1745 Subtype Description Apartments Tenant Pays ElectricityGas Unit Type Commercial Units Total 0 Unit Type Studio Units Total 4 Unit Type1 Bedroom Units Total 2 Unit Type2 Bedroom Units Total 2 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit1 Type Apartment Unit2 Rent 0 Unit2 Rent1 0 Unit2 Type Apartment 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 2021-06-13T21:20:24.857.
     
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