Homes for sale - 2649 62nd AVE, Oakland, CA 94605

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Prab Randhawa

prab.randhawa@outlook.com +1(916) 619-1322

$ 1,000,000

Est. payment | -/mo

3,289 SqFt

Save

$ 1,000,000

Est. payment | -/mo

Save

3,289 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,289 sqft

Price per Sqft $304

MLS Listing ID 224116449

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1960

Lot Size 3,759 Sqft

Acres 0.0863

Property Description

Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio. With primary veteran housing subsidies in place, this property provides financial security and the potential for future appreciation. Guaranteed rental income from four units housing veterans. Gated property for tenant safety and privacy, on site laundry facilities for tenant convenience, located in a quiet residential area with proximity to parks, schools and local amenities. Quick access to I-580, public transportation and a short commute to downtown Oakland and Lake Merritt. AS AN INCENTIVE TO THE BUYER THE SELLER IS OFFERING ONE YEAR OF A HOME WARRANTY PLAN PLUS PAY FOR THE FIRST 3 CLAIMS.

Location

State CA

County Alameda

Area Oakland Zip 94605

Direction I-580 to Seminary turn right, left on Camden St, right on 62nd Ave

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Linoleum

Laundry In Common Area

Exterior

Exterior Feature Fenced Yard

Parking Features Attached, Carport, Covered, Side-by-Side

Utilities Available Electric

Water Access Desc Public

Roof Type Flat

Total Parking Spaces 4

Building

Lot Description Curbs/Gutters, Sidewalk

Story 1

Foundation Slab

Sewer In & Connected, Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Oakland Unified

Middle Schools Oakland Unified

High Schools Oakland Unified

School District Alameda

Others

Senior Community No

Tax ID 038-3200-005-02

Special Listing Condition None

Listed by Sterling Royal Real Estate

"Elevate Your Real Estate Experience: At Prime Block Realty, we elevate your real estate journey to extraordinary heights. Maximizing your property's potential for a lucrative sale while diligently searching for your future home. Get ready for a rewarding real estate adventure!"

+1(916) 619-1322

prab.randhawa@outlook.com

4970 Windplay Dr Unit 7, El Dorado Hills, CA, 95762

2649 62nd AVE Oakland, CA 94605