128 Catron Dr, Oakland, CA 94603

$825,000
6
BD
3,038
SqFt

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List Price
$825,000
Price Change
▼ $24,999 1773101102
MLS#
BE41121191
Status
ACTIVE
Sqft. of Residence
3,038
Lot Size
5,879
Listing Area
Oakland Zip Code 94603

Property Description

Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.

Additional Information

Acres
0.14
Amenities
None
Cooling System
Air Conditioning - None
Exterior Features
Stucco
Floor Covering
Laminate, Tile, Vinyl
Garage Parking
Off-Street Parking, Parking Area
Heating System
Wall Furnace
Laundry Facilities
None
Living Area
3,038
Lot Size
5,879
Neighborhood
Oakland Zip Code 94603
Numberof Units
4
Unincorporated Yn
Yes

Listing courtesy of Kevin Jacky Hom, (510) 896-0188 from Compass
(If provided) CoList: Crystal Florida from Compass

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