740 Alcatraz Ave, Oakland, CA 94609

About this property

This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.

Listing description from the January 2025 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold January 2025 · listed $1,175,000, orig. $1,248,000, on market July 2024 · MLS #41068194 · Source: CRMLS

Listing Agent: Willem Bos · Listing Office: COMPASS · Contact: 415-660-9955 · Bought with: Willem Bos · COMPASS

$1,190,000

Sold November 2023 · listed $1,195,000, orig. $1,375,000, on market May 2023 · MLS #41025985 · Source: CRMLS

Listing Agent: Willem Bos · Listing Office: COMPASS · Contact: 415-660-9955 · Bought with: Willem Bos · COMPASS

$1,225,000

Sold February 2018 · listed $1,385,000, on market October 2017 · MLS #40802280 · Source: CRMLS

Listing Agent: BEN WEIL · Listing Office: COMPASS · Contact: 415-738-7000 · Bought with: BEN WEIL · COMPASS

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