Address
593 8Th St Oakland, CA
Price
$ 1,090,000
Property Attributes
  • ML#40931618
  • TypeMulti-Family
  • CountyALAMEDA
  • CityOakland
  • AreaOakland Zip Code 94607
  • Zip94607
  • Style5 or More Units
  • Price$ 1,090,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3835
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
David Howarth with The Pinza Group, Inc.
Property Description

7.17% cap rate and 10.16 GRM based on current rents. Downtown Oakland mixed-use 6-unit property with enormous rental upside. The property offers one 2bd/1bth unit, three 1bd/1bth units, and two retail units. The property was built in 1865, offers approximately 3,835 square feet of living space, and sits on a 3,750 square foot lot. One of the owners lives in one of the 2bd/1bth units and wants to rent back for a year. All units have rents below market rates offering huge rental upside for the next owner. The building has a unique design and offers spacious units with classic details including hardwood floors, high ceilings, a roof-top patio and a garage. The tenants are nice and are all paying rent making this a safe and predictable investment.

Price History
12/10/2020 Listed $1,090,000

General Features

Age 156

Exterior Features

Apx Lot Sq Ft 3750
Lot Size Area 0.09

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94607

Price
AVG $2.12M
$1.09M
Visits
AVG 17
29
Year Built
AVG 1925
1865
Walkscore
AVG 88
99
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.