860 20Th St, Oakland, CA 94607
Fourplex · 2 recorded sales since 2019
Sold October 2023
Listing Agent: David Howarth (DRE #01360348) · Listing Office: The Pinza Group, Inc · Contact: 510-725-4775 · Bought with: Steve Zirelli · Cornish & Carey Commercial · MLS #41035924 · Source: CRMLS
About this fourplex
The Pinza Group is proud to present a 4-unit apartment complex comprised of four spacious 2b/2bth units with strong current cash flow and excellent rental upside. The current CAP rate is 6.22% and the current GRM is 11.69. One lower unit will be delivered vacant at close of escrow making this also a perfect opportunity for an owner-occupant. The property was built in 1889, offers approximately 3,240 square feet of rental space, and sits on a 4,400 square foot lot with a nice backyard that tenants enjoy. All units have been extensively remolded with new kitchens and bathrooms with new countertops, stainless steel appliances, wood floors, in-unit water heaters, washers and dryers and more. The roof is newer and all the electrical has been redone resulting in a turn-key property for the next investor. The property is easy to manage and is separately metered for water and PG&E providing for low annual operating expenses. This is an attractive West Oakland Location Near Downtown Oakland, Berkeley with easy access to the Bay Bridge and San Francisco. There are numerous restaurants, coffee shops, micro breweries all over West Oakland and Downtown Oakland creating a dynamic urban scene that's extremely popular.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history
