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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40998402
Sold Date 01/09/24
HOA Y/N No
Year Built 1910
Lot Size 5,227 Sqft
Property Description
Split into three 1BR/1BA, and one 3+BR/1BA (which is 1,958 square feet all on its own and shall be delivered vacant)—this is 1200 13th Avenue. Located in Oakland's East Peralta neighborhood, this lucrative investment opportunity is surrounded by an array of popular destinations including Lake Merritt, the Oakland Estuary, Alameda Island, and Laney College. Any number of amenities are easily walkable or bikeable, including Lake Merritt BART, Fruitvale BART, Clinton Park, and any number of bars, restaurants, and mom + pop retailers. With all units rented, this property will potentially generate significant income of $10,100 per month. Additional points of note include the property's parking pad, sizable backyard, and ADU potential for an investor with vision. The asking price is a modest $825K for this fantastic investment with major long-term upside.
Location
State CA
County Alameda
Interior
Heating Floor Furnace, Natural Gas
Flooring Carpet, Tile, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Parking Features Covered, Carport
View Bay, Hills
Building
Lot Description Back Yard, Corner Lot, Garden
Sewer Public Sewer
Others
Tax ID 2011610
Financing FHA
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Bought with Otha Johnson Jr. • Re/Max Gold
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960