apartment is sold

485 Stow Ave., Oakland, 94606.

7 Units Overlooking Lake Merritt

A 1960’s Style building in a quiet neighborhood and close to transportation corridors, public transportation and conveniences. The property has one large 3 bedroom 2 bath apartment with partial views of Lake Merritt on the top floor, Four -2 bedroom 1 bathroom apartments and Two- 1 Bedroom 1 Bathroom apartments.

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A 1960’s Style building in a quiet neighborhood and close to transportation corridors, public transportation and conveniences. The property has one large 3 bedroom 2 bath apartment with partial views of Lake Merritt on the top floor, Four -2 bedroom 1 bathroom apartments and Two- 1 Bedroom 1 Bathroom apartments. This building is also individually metered for gas & electricity and it has one for one tandem parking spaces. There is significant rental upside potential for several units. The building is in close proximity to the Lakeshore shops, the new Trader Joe’s and a short walk to Lake Merritt

PROPERTY INFORMATION
APN: 
022-0309-033
Square Footage: 
6,207
Lot Size: 
4300.00
Year Built: 
1962

FINANCIAL SUMMARY
Price: 
$965,000
Down Payment: 
Loan Payment: 
N/A
Cash on Cash Estimate: 
N/A
Pro-Forma Cash Flow Est: 
N/A
Scheduled Cap Rate: 
4.80
Pro-Forma Cap Rate: 
6.70
Price Per Unit: 
$137,857

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