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Oakland, CA 94611,78 Glen
Oakland, CA 94611,78 Glen
Oakland, CA 94611,78 Glen
$1,575,000
Est. payment /mo
$1,575,000
Est.Price: ?

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2,848 Sqft Lot
SOLD DATE : 05/25/2023

Key Details

Sold Price $1,575,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Piedmont Avenue

MLS Listing ID 41018676

Year Built 1912

Lot Size 2,848 Sqft

Property Description

Huge price reduction on this 7 unit Apt. Amazing location next to Piedmont Ave. Near Kaiser & Summit Hospitals, and Bart is less than a mile away. Many upgrades done to this charming building. 5 units delivered vacant to ensure high market rent prices - a sure way to get on a good cycle for solid financial return. Amazing price for this rarely available investment opportunity. New 400 amp electrical service. Newly painted outside and all of the vacant unit. Updated kitchen and new floors. Excellently maintained by Discovery management. Prime prime prime location!! One 2BD/1BA. Two 1BD/1BA. plus Four studio units. Projected $12,955 gross rent per month. 10.13 times GRM. Cap rate is 5.65%.

Location

State CA

County Alameda

Interior

Heating Floor Furnace

Flooring Vinyl, Wood

Exterior

Parking Features On Street

Roof Type Composition

Building

Lot Description Back Yard, Street Level

Sewer Public Sewer

Others

Acceptable Financing Conventional

Listing Terms Conventional

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California Regional MLS (CRMLS)
Listed by Ed Kuo • The GRUBB Company
Bought with Kahila Nilsson • Nilsson Real Estate
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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