791 Alcatraz, Oakland, CA 94609

About this property

Amazing value-add opportunity in North Oakland! A fourplex in the front and a triplex in the back. Property includes 2-Studios, 3-1bd/1ba, and 2-2bd/1ba units. With 3-units delivered vacant and the potential to convert existing studios to Jr. 1-bed or 1-Bed units; a buyer can renovate and rent to achieve a stabilized 9.3% CAP and 12.8% cash on cash return. Market CAP 13.6% and 23.5% cash on cash return. A short walk to Ashby Bart and Berkeley Bowl, don't miss out on this high cash flow asset.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$835,000

Sold January 2024 · listed $995,000, on market July 2023 · MLS #41032451 · Source: CRMLS

Listing Agent: Blake Martini · Listing Office: MARTINI COMPANY REAL ESTATE · Contact: 925-286-2737 · Bought with: OUT OF AREA OUT · OUT OF AREA - NON MEMBER

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