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Lenore Wilkas

lenore.wilkas@engelvoelkers.com +1(760) 407-2100

$ 949,000

Est. payment -/mo

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Active

748 Clara ST Oakland, CA 94603

3,442 SqFt

UPDATED:

12/05/2024 04:35 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,442 sqft

Price per Sqft $275

MLS Listing ID ML81983710

HOA Y/N No

Year Built 1964

Annual Tax Amount $16,000

Lot Size 6,250 Sqft

Property Description

CASH COW with passive Income, which can be increased by $1000 / month legally and immediately. Tenants are long term , hard working Families, Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with 3 Beds and 2 Baths. So its a Fifer- five unit property. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance of the Property too. And communicates in Spanish with all the tenants all their mother tongue being Spanish . Very matured and hard working Families who pays in time and well behaved too. New owner if they want , can retain the current Property Manager and easily can manage remotely, which is like a Dream come True for busy people. At a fraction of the per square feet price with the Stabilized Income, this property has inbuilt value with average commute times of 35-45 minutes from Bay Area/ Silicon Valley. Send offers , subject to inspection , contingency. Offers as they come. Please DO NOT Disturb Tenants.

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning R3

Interior

Heating Forced Air

Cooling Gas

Flooring Laminate

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Accessibility Other

Total Parking Spaces 5

Building

Story 2

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Madison

High Schools Other

School District Other

Others

Tax ID 044501200101

Special Listing Condition Standard

Listed by Sri Gopireddy • Channel Real Estate Inc

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100