860 20th St
Oakland, CA 94607
- 8 beds
- – baths
- 3,240 sqft
- 4,400 sqft lot
- $408 per sqft
- 1889 build
- – on site
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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.
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Last updated Apr 20, 2024
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MLS# 41035924 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
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Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/13/23
Oct 13, 2023
|
Sold | BRIDGE | $1,325,000 | -5.0% |
|
9/20/23
Sep 20, 2023
|
Pending | BRIDGE | $1,395,000 | |
|
8/13/23
Aug 13, 2023
|
Listed / Active | BRIDGE | $1,395,000 | 163.2% (14.1% / YR) |