1832 Bridge Ave

Oakland, CA 94601

PRICE REDUCED

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-$75,000 (-4.29%)

$1,675,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1924

calendar_month Built

Property Description

6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning, and more. The property is easy to manage and is separately metered for PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.

Listing Information

List Price $1,675,000
Status Active
MLS 41053921
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1924
Lot Size 9,125
Structure Size N/A
DOM 140
Courtesy Of The Pinza Group, Inc
Listing Agent David Howarth DRE#01360348

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Wood
Cooling Type
Cooling Type See Remarks

Exterior Information

Maps

Listing information courtesy of: David Howarth, The Pinza Group, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.