Multifamily For Sale

$978,000

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1165 71st Avenue

  • – beds
  • – baths
  • – sqft
  • 5,000 sqft lot
  • 1965 build
  • on site

To access marketing package copy/paste: https://bit.ly/kitehillre. 6% Current Cap Rate + 80% Upside, this clean 4-unit building in East Oakland offers uniquely spacious 3-bed, 1-bath units. Separately metered for gas and electric, each unit includes an off-street, designated parking spot. Recent upgrades comprise exterior and interior paint and carpet, new water heaters, and updated plumbing. Today’s busy commuter renter couldn’t dream of a more versatile location. The property is minutes from the airport, Coliseum BART, and the 880 freeway, offering a rare convenience of travel that will be attractive to East Bay professionals with business ties in SF, South Bay, and beyond. Sidewalk and sewer lateral compliance, excellent in-place income, with massive upside potential, this investment opportunity will not be available for long. A worthy addition to any portfolio, this property is a must-see for any serious investor.

BRIDGE logo Listing courtesy of BRIDGE / Kite Hill Real Estate

Last checked: Checking… • Last updated Jun 17, 2021 •

MLS# 40953799 —

This property is listed in more than one place. See it here.

Amenities & Taxes

The Building

Building Type:
FOURPLEX
Exterior:
Stucco
Roof:
Other
Basement:
None
Total # of Units:
4
Type of Building:
D

Interior

Flooring:
Hardwood Floors, Carpet

Financial & Terms

Terms:
Cash, Conventional, 1031 Exchange
Possession:
COE
Point of Sale Ordinance:
yes

Location

Directions to Property:
google it
Cross Street:
Herbert Guice Wy
Latitude:
37.758814
Longitude:
-122.190949
Area:
Oakland Zip Code 94621

The Property

Lot Description:
Regular
Acres:
0.11
Yard Description:
Back Yard Fence, Barbed Wire Fence
Additional Misc. Features:
None
Additional Equipment:
None

Listing Agent

Contact info:

Taxes

City Transfer Tax:
yes

The Listing

Disclosures:
Rent Control
Inspections/Reports:
Home, Pest Control Report

Heating & Cooling

Heating:
Wall Furnace
Cooling:
No Air Conditioning

Utilities

Water/Sewer:
Sewer System - Public
Separate Meters:
Electric, Gas

Appliances

Laundry:
Coin Operated

The Community

Complex Name:
Aman Giri
Assessments:
Yes

Parking

Parking Description:
Off Street Parking
Total # Parking Spaces:
4

Extra Units

Unit #1 Approx. Sq Ft:
924
Unit #1 Dining Room:
No
Unit #1 Bedrooms:
3
Unit #1 Fireplace:
No
Unit #1 Bathrooms:
1
Unit #1 Air Conditioning:
No
Unit #1 Parking Spaces
1
Unit #2 Dining Room:
No
Unit #2 Bedrooms:
3
Unit #2 Bathrooms:
1
Unit #2 Fireplace:
No
Unit #2 Refrigerator:
Yes
Unit #3 Dining Room:
No
Unit #4 Fireplace:
No
Unit #2 Parking Spaces:
1
Unit #3 Bedrooms:
3
Unit #3 Bathrooms:
1
Unit #4 Bedrooms:
3
Unit #4 Bathrooms:
1
Unit #3 Approx. SqFt:
924
Unit #3 Fireplace:
No
Unit #3 Refrigerator:
Yes
Unit #3 Air Conditioning:
No
Unit #3 Range/Oven:
Yes
Unit #3 Parking Spaces:
1
Unit #2 Range/Oven:
Yes
Unit #2 Air Conditioning:
No
Unit #2 Approx. Sq Ft:
924
Unit #4 Approx. SqFt:
924
Unit #4 Dining Room:
No
Unit #4 Range/Oven:
Yes
Unit #4 Refrigerator:
Yes
Unit #4 Air Conditioning:
No
Unit #4 Parking Spaces:
1
Unit # 5 Approx. Sq Ft:
B

Schools

Rating Details

Futures Elementary School

  • Public
  • K-5
  • 0.1 mi

Community United Elementary School

  • Public
  • K-5
  • 0.2 mi

Roots International Academy

  • Public
  • 6-8
  • 0.2 mi

Coliseum College Prep Academy

  • Public
  • 6-12
  • 0.2 mi

Greenleaf Elementary School

  • Public
  • K-5
  • 0.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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Sale history

Date Event Source Price % Change
6/10/21
Listed / Active BRIDGE $978,000 30.4% (28.2% / YR)
5/26/21
Relisted BRIDGE
4/17/21
Pending BRIDGE

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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