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Cash-Flowing Multifamily Investment 3142 Coolidge Ave 6 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Oakland, CA 94602
Visites 3D Matterport
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Take advantage of this fully occupied, cash-flowing opportunity in Oakland, California’s School neighborhood.
- Just minutes from many neighborhood conveniences, including Planet Fitness, Taco Bell, CVS, and Farmer Joe’s Marketplace.
- Premier placement just off the MacArthur Freeway which connects all over town and San Francisco to the west.
- Area demographics in 1 mile bode well for investors with a majority of renter-occupied households and average household incomes of $107,770.
RÉSUMÉ ANALYTIQUE
Keller Williams is pleased to be retained as the exclusive broker for the 3142 Coolidge Avenue Apartments, located in the School area of Oakland, California. Built in two phases, first in 1904 and later in 1993, the property sits just off Interstate 580 and Fruitvale Avenue. It comprises two buildings: an older Craftsman duplex and a newer fourplex, both constructed with wood frames, wood siding, and a combination of vinyl and aluminum windows. Significant structural improvements were made to the older building in 2022. Together, the buildings offer approximately 5,997 square feet of livable space on a 9,240-square-foot lot.
The property contains six units: five three-bedroom, one-bath units of approximately 850 square feet each, and one five-bedroom, two-bath unit of roughly 1,547 square feet occupying the bottom two floors of the duplex. Kitchens in all units feature Formica countertops and laminate flooring, while living areas boast new plank flooring throughout both buildings. Bathrooms include bathtubs with tiled surrounds, showers, vanities, and laminate flooring. Heating for the duplex is provided by gas wall heaters, and the fourplex uses electric wall heaters. Each unit is separately metered for gas and electricity and contains its own hot water heater. All units are equipped with in-unit washers and dryers. On-site parking is assigned to each unit, and street parking is also readily available.
The 3142 Coolidge Avenue Apartments multifamily property presents investors with an opportunity to acquire a well-located property offering substantial upside. The property is exempt from Oakland’s rent control ordinance due to its certificate of occupancy from 1993, and offers a 14.53% upside in rents. The front building is ideal for owner-occupancy. Investors can benefit from a cash-on-cash return of 17.64% on day one and a total return of over 25.96%. The property can be purchased with little deferred maintenance and is currently at 100% occupancy.
Oakland is the largest and most established city in the East Bay. It encompasses 52 square miles and offers 19 miles of coastline to the west and beautiful rolling hills to the east. Along with its presence as a major West Coast port, Oakland boasts a well-diversified economy of traditional manufacturing, service, and trade industries enhanced by a strong and rapidly increasing high-technology presence.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The property contains six units: five three-bedroom, one-bath units of approximately 850 square feet each, and one five-bedroom, two-bath unit of roughly 1,547 square feet occupying the bottom two floors of the duplex. Kitchens in all units feature Formica countertops and laminate flooring, while living areas boast new plank flooring throughout both buildings. Bathrooms include bathtubs with tiled surrounds, showers, vanities, and laminate flooring. Heating for the duplex is provided by gas wall heaters, and the fourplex uses electric wall heaters. Each unit is separately metered for gas and electricity and contains its own hot water heater. All units are equipped with in-unit washers and dryers. On-site parking is assigned to each unit, and street parking is also readily available.
The 3142 Coolidge Avenue Apartments multifamily property presents investors with an opportunity to acquire a well-located property offering substantial upside. The property is exempt from Oakland’s rent control ordinance due to its certificate of occupancy from 1993, and offers a 14.53% upside in rents. The front building is ideal for owner-occupancy. Investors can benefit from a cash-on-cash return of 17.64% on day one and a total return of over 25.96%. The property can be purchased with little deferred maintenance and is currently at 100% occupancy.
Oakland is the largest and most established city in the East Bay. It encompasses 52 square miles and offers 19 miles of coastline to the west and beautiful rolling hills to the east. Along with its presence as a major West Coast port, Oakland boasts a well-diversified economy of traditional manufacturing, service, and trade industries enhanced by a strong and rapidly increasing high-technology presence.
Property tours are available by appointment only. Please contact the listing broker to schedule.
VISITES 3D MATTERPORT
Unit B Matterport Tour
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MÉMORANDUM D’INFORMATION Cliquez ici pour accéder à
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Balcon
- Raccord machine à laver/sèche-linge
- Sous-sol
CARACTÉRISTIQUES DU SITE
- Sans tabac
- Espace d’entreposage
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 3+1 | 5 | 2 541 € | 79 - 84 |
| 5+2 | 1 | 3 213 € | 116 |
1 1
Walk Score®
Très praticable à pied (80)
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Nathaniel Reinke, Broker Associate
Plus de 10 ans d'expérience multifamiliale spécialisée sur les marchés d'Oakland et de Berkeley. A travaillé chez Hendricks & Partners, Hendricks-Berkadia, Wheelhouse, Bay Apartment Advisors et maintenant KW Commercial
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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CONTACT POUR LES ENCHÈRES
Molly Patten
Contact
Licence du commissaire-priseur :
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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VIDÉOS
VISITE EXTÉRIEURE 3D MATTERPORT
VISITES 3D MATTERPORT
PHOTOS
STREET VIEW
RUE
CARTE
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Cash-Flowing Multifamily Investment | 3142 Coolidge Ave
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Présenté par
Cash-Flowing Multifamily Investment | 3142 Coolidge Ave
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