$989,000
$188K PRICE DROP

Estimated payment $6,191/month

Total Views 2,465
-- Bed
-- Bath
3,600 Sq Ft
$275 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

About This Home

Eight units (3 AirBnB, 5 long term tenants) with 11.55%+ IN PLACE cap rate!! Consistently full. Levered ROI @ 35.68% with 25% down. New electrical meters and many renovated units. Solid value with architect study showing additional 4 ADU units possible for buyer. Projected $114k NOI for 2025. Absolutely the best deal in West Oakland for a quality asset with consistent returns.

Listing Agent

Adam Mcclure

License #01480278 Listed on: 06/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Parking

  • Parking Lot

Home Design

  • Composition Shingle Roof
  • Masonry

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Additional Features

  • Laminate Flooring
  • 5,362 Sq Ft Lot

Community Details

  • No Home Owners Association
  • West Oakland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8678222

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Year Built: 1918
  • Property Sub Type: 5 or More Units
  • Prop. Type: Commercial Sale
  • Subdivision Name: West Oakland
  • Directions: MLK to 25th
  • Garage Yn: No
  • remarks11: Please show buyer qualifications. Prefer an LOI or contract prior to setting up showing all units. Photos are recent. Major systems and roof are in good shape. Recent electrical upgrades can shift variable utility costs to tenants. Call LA for details. Financials available. Buyer is selling to fund a new business.
  • remarks22: Adam McClure - Fax: 415-312-4494 - Eight units (3 AirBnB, 5 long term tenants) with 11.55%+ IN PLACE cap rate!! Consistently full. Levered ROI @ 35.68% with 25% down. New electrical meters and many renovated units. Solid value with architect study showing additional 4 ADU units possible for buyer. Projected $114k NOI for 2025. Absolutely the best deal in West Oakland for a quality asset with consistent returns.
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Other Equipment: DSL/Modem Line

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Rectangular Lot
  • Construction Type: Masonry

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Heating: Baseboard
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5362
  • Parcel Number: 8678222

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 Price Changed $989,000 -8.0% $275 / Sq Ft
07/11/2025 07/11/25 Price Changed $1,075,000 -8.7% $299 / Sq Ft
06/05/2025 06/05/25 For Sale $1,177,000 -- $327 / Sq Ft
Source: bridgeMLS

Source: bridgeMLS

MLS Number: 41100278

bridgeMLS