apartment is sold

450 40th St., Oakland, 94609.

Vintage 1920’s Building

Vintage 1920’s construction with era appropriate finishes

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Vintage 1920’s construction with era appropriate finishes. The property consists of 19 Studio – One Bathroom apartments and 6 One Bedroom – One Bathroom apartments. The property is located blocks from the MacArthur Bart Station and in between the Broadway and the Telegraph business districts. Close to the Bustling Temescal Restaurants and Coffee Shops and within close proximity to all the major freeways in Oakland, Downtown Oakland, Emeryville, and San Francisco.

PROPERTY INFORMATION
APN: 
012-1011-011
Square Footage: 
15,363
Lot Size: 
6600.00
Year Built: 
1925

FINANCIAL SUMMARY
Price: 
$1,700,000
Down Payment: 
$1,157,000
Loan Payment: 
$543,000
Cash on Cash Estimate: 
N/A
Pro-Forma Cash Flow Est: 
N/A
Scheduled Cap Rate: 
7.31
Pro-Forma Cap Rate: 
7.71
Pro-Form GRM: 
6.09
Scheduled GRM: 
6.26
Price Per Unit: 
$68,000

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