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    1300 International Blvd

    Oakland, CA 94606
    • $2,250,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 40924047
    UPDATED: 62 min ago
    $2,250,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Description

    Great property located along the rapidly developing corridor between Lake Merritt and San Antonio Park/Fruitvale. Rare opportunity to upgrade 3 (of the 5) large apartments that are vacant. Once rented, this property has a tremendous cash flow potential with a pro-forma 7.7% CAP rate and a 10x gross-rent multiplier. The restaurant has a solid clientele and 2 years left on their lease. In addition, the billboard on the property provides steady cash flow and the contract is up for renewal at the end of next year and primed for an increase in rent. In addition, there is a 1800sf basement workshop with separate entrance that can be rented. Roof was partially redone in 2009 and finished in 2014 . Owner installed new sewer line to 13th Ave in 2000. On-site coin-op laundry.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T11:37:26.923.

    www.lucasgphomes.com/homes/110745427
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    1300 International Blvd Oakland, CA 94606

    • Price: $2,250,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 40924047
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1925
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    Great property located along the rapidly developing corridor between Lake Merritt and San Antonio Park/Fruitvale. Rare opportunity to upgrade 3 (of the 5) large apartments that are vacant. Once rented, this property has a tremendous cash flow potential with a pro-forma 7.7% CAP rate and a 10x gross-rent multiplier. The restaurant has a solid clientele and 2 years left on their lease. In addition, the billboard on the property provides steady cash flow and the contract is up for renewal at the end of next year and primed for an increase in rent. In addition, there is a 1800sf basement workshop with separate entrance that can be rented. Roof was partially redone in 2009 and finished in 2014 . Owner installed new sewer line to 13th Ave in 2000. On-site coin-op laundry.
    Exterior Features

    Additional Misc Features Extra Storage Exterior Stucco Lot Description Regular Other Units Store(S) Included Parking Description Other Parking Spaces Total 0 Parking Spaces Unit1 0 Parking Spaces Unit2 0 Parking Spaces Unit3 0 Parking Spaces Unit4 0 Parking Spaces Unit5 0 Roof BitumenComposition

    Interior Features

    All Units Have OtherOven Range Free StandingRefrigerator Apx Sq Ft Unit1 2000 Apx Sq Ft Unit2 1800 Apx Sq Ft Unit3 2400 Apx Sq Ft Unit4 970 Apx Sq Ft Unit5 1150 Basement Separate EntryStorage Area Bathrooms Unit1 1 Bathrooms Unit2 1 Bathrooms Unit3 1 Bathrooms Unit4 1 Bathrooms Unit5 1 Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Bedrooms Unit5 2 Cooling None Flooring Hardwood FloorsLaminatePartial CarpetingTile Heating GasMultiunits Laundry Coin OperatedCommunity Facility Some Units Have DeckDishwasherDisposalOven Range Free StandingRefrigeratorUpdated BathsUpdated Kitchen

    Property Features

    Annual Expense Year 52820 Annual Gross Fee Income 231924 Annual Gross Sched Income 231924 Annual Insurance Expense 6250 Annual License Expense 3235 Annual Maintenance Exp 4500 Annual Management Expense 0 Annual Miscellaneous Inc 960 Annual Rental Inc 231924 Annual Taxes 32625 Annual Total Oper Exp 52820 Annual Utility Expense 5850 Annual Vacancy Expense 6960 Building Type 5 Or More Units City Transfer Tax Yes Disabled Features Other Equipment Additional DryerFire SprinklersWasherWater Heater GasCarbon Mon DetectorSecured AccessAll Public UtilitiesCable AvailableNatural Gas ConnectedIndividual Electric MeterIndividual Gas Meter Existing Lease Terms None Financial Data Source OwnerRental Agreement Gross Oper Actual Inc 231924 Net Operating Income 179103 Operating Expenses ElectricInsuranceJanitorialMaintenance/RepairProperty Tax/AssessmentsTrash RemovalUtilitiesWater Other Annual Expense 0 Point Of Sale Ordinance Yes Rent Unit1 2600 Rent Unit2 2600 Rent Unit3 2400 Rent Unit4 2200 Rent Unit5 2300 Separate Meters ElectricGas Special Information None Tenant Pays ElectricGas Tot Bldg Sq Ft 14820 Total Deposits 4100 Views City Lights Water Sewer Sewer System - PublicWater - Public

    Listing courtesy of Jeffrey Rosenbloom of Red Oak Realty.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-26T11:37:26.923.

     
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