Bart Garden Apartments | 8 Units

$1,750,000

3210 San Leandro Street, Oakland, CA 94601

For Sale

Multifamily Garden Low Rise

Pending

Last Updated: 11/03/2022

Details:

Cap Rate: 5.9%

NOI: $103,378

Building Size: 4,516 sqft

Lot Area: 4,270 sqft

Units: 8

GRM: 10.5

Built/Renovated : 1918 / 2016

Offered by

Nick Myerhoff

Broker/Owner

Myerhoff & Associates

#R01866318

Request Info to Unlock

Highlights:

Over $167k in Gross Income
1 Block to BART
5.9% Cap Rate
New Foundation
Excellent Unit Mix
Fully Gated Complex

Description:

PROPERTY DESCRIPTION
The BART Garden Apartments is a two-story, wood frame, 8-unit structure built in 1918. This substantially renovated garden-style building has undergone extensive renovation over the past six years, including new kitchens and baths, windows, and a new seismically engineered concrete foundation. The property has been professionally managed, has a fantastic tenant profile, and very low maintenance costs. Please refer to the full list of capital improvements for more details.

FEATURES & CONDITION
The subject property has internal hallways that access 3 units on the main floor consisting of one studio, one 1-bedroom and one 2-bedroom unit. Upstairs there are two studios and two 1-bedroom units. Unit 4 has its own private entrance inside the fully gated and landscaped complex. Each of the 8 units has been renovated and all have their own in-unit washers and dryers. The interiors of the halls have updated flooring, paint, and LED lighting.