apartment is sold

633 Alma Ave., Oakland, 94610.

Classic Mediterranean 1930’s building

Classic Mediterranean 1930’s building, quiet neighborhood location but close to transportation corridors & public transport- ation.  

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Classic Mediterranean 1930’s building, quiet neighborhood location but close to transportation corridors & public transport- ation. The building is in close proximity to two shopping districts Lakeshore with the upcoming Trader Joe’s & Grand Lake, which includes the Grand Lake Theater & the Farmers Market. Charming spacious units, top floor units have cathedral ceil- ings with wooden beams & views of the Bay or Oakland Hills. Building-owned coin operated laundry facility, stately lobby. Steam boiler has several upgrades, several new windows installed. Significant rental upside potential for several units.

 

PROPERTY INFORMATION
APN: 
023-0467-005-00
Square Footage: 
12,355
Lot Size: 
5000.00
Year Built: 
1930

FINANCIAL SUMMARY
Price: 
$2,030,000
Down Payment: 
Loan Payment: 
N/A
Cash on Cash Estimate: 
N/A
Pro-Forma Cash Flow Est: 
N/A
Scheduled Cap Rate: 
5.70
Pro-Forma Cap Rate: 
5.80
Pro-Form GRM: 
9.23
Scheduled GRM: 
10.41
Price Per Unit: 
$112,777

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