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    540 31 St

    Oakland, CA 94609
    • $1,400,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 40920080
    Price Reduced
    UPDATED: 54 min ago
    $1,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    540 31st Street is a 5 unit property that consist of a 4 unit building and a large 3 bedroom cottage on 1 lot, located in the popular Pill Hill neighborhood of Oakland. The unit mix is fantastic and includes 3 3 bedroom units, a 1 bedroom unit and a huge vacant Jr. 1 bedroom that is only being called a Jr. due to a wall that would need to be put up in order to call it a formal 1 bedroom. The gorgeous Victorian was built in 1893 and offers towering ceilings, hardwood and the old world charm that is rarely seen anymore. Many of the systems have been upgraded to modern standards including electrical circuit-breakers and sub-panels installed, mostly copper piping, and gas wall furnaces. The single family home in the rear of the property was built in the 1920s and has been updated as well. Both roofs were completely replaced in 2012 and 2014. Investors will appreciate good returns from day 1 and over 47% rental upside in a very desirable and vibrant location. Showing By apt. 415-874-501

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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 2020-10-26T13:39:26.477.

    www.lucasgphomes.com/homes/109841121
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    540 31 St Oakland, CA 94609

    • Price: $1,400,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 40920080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1910
    Built
    Neighborhood:
    Oakland
    County:
    Alameda
    Area:
    Oakland
    Property Description
    540 31st Street is a 5 unit property that consist of a 4 unit building and a large 3 bedroom cottage on 1 lot, located in the popular Pill Hill neighborhood of Oakland. The unit mix is fantastic and includes 3 3 bedroom units, a 1 bedroom unit and a huge vacant Jr. 1 bedroom that is only being called a Jr. due to a wall that would need to be put up in order to call it a formal 1 bedroom. The gorgeous Victorian was built in 1893 and offers towering ceilings, hardwood and the old world charm that is rarely seen anymore. Many of the systems have been upgraded to modern standards including electrical circuit-breakers and sub-panels installed, mostly copper piping, and gas wall furnaces. The single family home in the rear of the property was built in the 1920s and has been updated as well. Both roofs were completely replaced in 2012 and 2014. Investors will appreciate good returns from day 1 and over 47% rental upside in a very desirable and vibrant location. Showing By apt. 415-874-501
    Exterior Features

    Additional Misc Features Balcony/PatioGardenOther Exterior Other Lot Description 2 Houses / 1 Lot Parking Description Other Parking Spaces Total 2 Roof Unknown

    Interior Features

    Basement Partial Bathrooms Unit1 1 Bathrooms Unit2 1 Bathrooms Unit3 1 Bathrooms Unit4 1 Bathrooms Unit5 1 Bedrooms Unit1 3 Bedrooms Unit2 3 Bedrooms Unit3 3 Bedrooms Unit4 1 Bedrooms Unit5 1 Cooling Other Flooring Other Heating Other Heat Laundry In Laundry Room

    Property Features

    Annual Expense Year 0 Annual Gross Fee Income 110994 Annual Gross Sched Income 0 Annual Insurance Expense 0 Annual License Expense 0 Annual Maintenance Exp 0 Annual Management Expense 0 Annual Miscellaneous Inc 0 Annual Rental Inc 113190 Annual Taxes 0 Annual Total Oper Exp 0 Annual Utility Expense 0 Annual Vacancy Expense 0 Building Type 5 Or More Units City Transfer Tax Yes Equipment Additional DryerWasherOther Existing Lease Terms Other Financial Data Source Owner Gross Oper Actual Inc 0 Net Operating Income 72061 Other Annual Expense 0 Point Of Sale Ordinance Yes Rent Unit1 2140 Rent Unit2 2300 Rent Unit3 2062 Rent Unit4 1995 Rent Unit5 936 Special Information None Tenant Pays Other Tot Bldg Sq Ft 5285 Total Deposits 0 Water Sewer Other

    Listing courtesy of Ben Weil of .


    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 2020-10-26T13:39:26.477.

     
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