SOLD
$835,000
Date 01/29/2024

791 Alcatraz
Oakland, CA 94609

Other
Residence
0.0955
Lot Size
Listing Agent: Blake Martini CalDRE: 01908725 - MARTINI COMPANY REAL ESTATE

Description for 791 Alcatraz Oakland, CA 94609

Amazing value-add opportunity in North Oakland! A fourplex in the front and a triplex in the back. Property includes 2-Studios, 3-1bd/1ba, and 2-2bd/1ba units. With 3-units delivered vacant and the potential to convert existing studios to Jr. 1-bed or 1-Bed units; a buyer can renovate and rent to achieve a stabilized 9.3% CAP and 12.8% cash on cash return. Market CAP 13.6% and 23.5% cash on cash return. A short walk to Ashby Bart and Berkeley Bowl, don't miss out on this high cash flow asset.

Property Details

41032451
Other
Alameda
1918
0.0955 Acres
Wood
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Listing Agent: Blake Martini CalDRE: 01908725 - MARTINI COMPANY REAL ESTATE
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