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$1,188,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82028211
HOA Y/N No
Year Built 1951
Annual Tax Amount $13,863
Property Description
8811 A Street is a fully remodeled and fully upgraded gated apartment 5-unit property, an exceptional turnkey investment in Oakland offering strong, stable cash flow with minimal long-term maintenance. All five units are 2-bedroom/1-bath and have been completely renovated with new flooring, updated recess lighting, new kitchen cabinets, fresh interior/exterior paint, and upgraded electrical breakers. Major capital improvements include a new roof, New and upgraded Electrical Breaker replacement and wall heater for each unit, and additional system upgrades designed to reduce future expenses. This stabilized asset generates $11,101/month in gross income with near-market rents. Each unit is individually metered, and tenants pay for water, electricity, and gas, providing lower operating costs and predictable NOI. Located near I-880, Coliseum BART, Oakland Airport, and major employment centers, this turnkey gated apartment 5-plex offers a rare combination of high income, strong demand, and low maintenance. Ideal for both new and seasoned investors seeking a reliable Oakland multifamily opportunity.
Location
State CA
County Alameda
Zoning Multi family
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 042427200102
Special Listing Condition Standard
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Listed by Ted Chen Redfin
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960