REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by David Howarth • The Pinza Group, Inc
$ 2,495,000
Est. payment | /mo
3 Beds
2 Baths
9,448 SqFt
$ 2,495,000
Est. payment | /mo
3 Beds
2 Baths
9,448 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,448 sqft
Price per Sqft $264
MLS Listing ID EB41104545
Bedrooms 3
Year Built 1965
Lot Size 0.347 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
www.1777Sausal.com; 10-unit apartment complex up in the Oakland hills next to the Dimond district with strong current income and excellent rental upside. The current cap rate is 7.08% and the current GRM is 9.41. The unit mix is ideal and offers nine 2bd/1bth units and one 1bd/1bth unit spread across two 5-unit buildings. The properties were built in 1965, offer approximately 9,448 square feet of rental space and a combined lot size of 15,100 square feet with 10 off-street parking spaces. The property has been extensively remodeled and offers updated kitchens and bathrooms, new paint, double pane windows, hardwood floors, custom lighting, and a new roof installed in 2025. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment. Currently there is one vacant unit making this perfect for an owner-occupant or an investor looking to lease at a top market rate. This is a perfect opportunity for an investor to acquire a property in a high demand neighborhood with excellent long-term potential.
Location
State CA
County Alameda
Area Oakland Zip Code 94602
Interior
Cooling Other
Flooring Other, Tile, Wood
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 10.0
Roof Type Other
Building
Lot Description Other
Water Private, Public
Others
Tax ID 26-803-9
Special Listing Condition New, Not Applicable
© 2025 MLSListings Inc. All rights reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "