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Open House Wed, Jul 24th 11:00:00 AM - 01:00:00 PM - Price Reduction
Address
2648 Parker Ave Oakland, CA
Price
$ 1,395,000
Property Attributes
  • MLS#40868557
  • TypeIncome
  • CountyALAMEDA
  • CityOakland
  • AreaOakland Zip Code 94605
  • Zip94605
  • StyleFOURPLEX
  • Price$ 1,395,000
  • Bedrooms12
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage3584
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
David Howarth with The Pinza Group, Inc.
Property Description

SHOWING: Wednesday, 7/24 11am-1pm. All units will be open. $200,000 Price Reduction! No Rent Control and current CAP rate at 7.89%. 2648 Parker Avenue in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment complex with high rents and excellent future income upside. The property offers four (4) Three-Bedroom/Two-Bath units and sits on an oversized 7,500 square foot lot. Recently, over $250,000 was invested for interior and exterior upgrades. The property was built in 1989 and is exempt from Oakland rent control with regards to rent increase limits. All units are large and offer remodeled kitchens and living areas, washer dryer hook-ups, and new windows. Maintenance is low and all units are separately metered for PG&E providing for low annual expenses. All known maintenance issues have been addressed resulting in a turn-key property for the next investor.

Price History
6/4/2019 Listed $1,595,000
6/28/2019 13% - $1,395,000

General Features

Age 30
Listing Area Oakland Zip Code 94605
Listing Status Active
Misc. Additional Features Other
Status Active

Interior Features

Apx Sq Ft 1 896
Apx Sq Ft 2 896
Apx Sq Ft 3 896
Apx Sq Ft 4 896
Basement Other
Bathrooms 1 2
Bathrooms 2 2
Bathrooms 3 2
Bathrooms 4 2
Bedrooms 1 3
Bedrooms 2 3
Bedrooms 3 3
Bedrooms 4 3
Cooling Other
Flooring Other
Heating Other Heat
Total Number of Units 4

Exterior Features

Building Type FOURPLEX
Exterior Other
Lot Description Other
Lot Size Area 0.17
Lot Sq Ft Apx 7500
Parking Description Other
Roof Other
Total Parking Spaces 8
Water/Sewer Other
Yard Description Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94605

Price
AVG $740K
$1.4M
Visits
AVG 7
7
Year Built
AVG 1951
1989
Walkscore
AVG 72
72
Data Provided by Walkscore ® not using MLS data

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