3571 66th Avenue, Oakland, CA 94605
Property · 2 recorded sales since 2018
Sold June 2018
Listing Agent: ANDREW PITARRE (DRE #01867911) · Listing Office: ANTHONY ASSOCIATES · Contact: 510-653-6000 · Bought with: ROBERT SCOTT · GOLDEN GATE SOTHEBYS INTERNATIONAL REALTY · MLS #40823726 · Source: CRMLS
About this property
Well maintained 9 unit building in the rapidly gentrifying and appreciating Millsmont neighborhood of Oakland.  Perched in a residential hillside area near Mills College on the East side of MacArthur Blvd., this property offers stability and upside for the next owner.  The owner recently completed seismic retrofit with permits, new roof, new exterior paint, remodeled 3 of 9 units. The remodeled units appeal to a modern occupant with updated flooring, new counters, SS appliances, and bright white bathrooms.  These updates along with city views (upper units), covered parking for every unit and close proximity to public transportation command top dollar in the market place. The units are separately metered for utilities keeping expenses manageable for the owner.  High 7% cash on cash returns on day 1. With 43% upside in rents, this building allows next owner to increase returns and leverage investment in the hot Oakland market. Last showing on 6/05 12-1 PM. Offers due on 06/07 by 1 PM.
Listing description from the June 2018 sale, as reported to CRMLS.
Sale history
