SOLD
$1,575,000
Date 05/25/2023

78 Glen
Oakland, CA 94611

Other
Residence
0.0654
Lot Size
Listing Agent: Ed Kuo CalDRE: 01034071 - The GRUBB Company

Description for 78 Glen Oakland, CA 94611

Huge price reduction on this 7 unit Apt. Amazing location next to Piedmont Ave. Near Kaiser & Summit Hospitals, and Bart is less than a mile away. Many upgrades done to this charming building. 5 units delivered vacant to ensure high market rent prices - a sure way to get on a good cycle for solid financial return. Amazing price for this rarely available investment opportunity. New 400 amp electrical service. Newly painted outside and all of the vacant unit. Updated kitchen and new floors. Excellently maintained by Discovery management. Prime prime prime location!! One 2BD/1BA. Two 1BD/1BA. plus Four studio units. Projected $12,955 gross rent per month. 10.13 times GRM. Cap rate is 5.65%.

Property Details

41018676
Other
Alameda
1912
0.0654 Acres
Stucco
Public Sewer
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Listing Agent: Ed Kuo CalDRE: 01034071 - The GRUBB Company
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