2649 62nd AVE new Save Request In-Person Tour Request Virtual Tour
Oakland,CA 94605
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,289 sqft
Price per Sqft $304
MLS Listing ID 224116449
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1960
Lot Size 3,759 Sqft
Acres 0.0863
Property Description
Don't miss this incredible investment opportunity to own a well maintained, income-generating 5- unit 3289 sq ft spacious property in Oakland! This prime multi family investment offers both immediate rental income and long-term value. The property yields $124,500 annually, providing a solid return on investment. Good news, all units are eligible for rent increases. This 5-unit complex is an ideal investment for those looking to enter Oakland's growing real estate market or to expand their portfolio. With primary veteran housing subsidies in place, this property provides financial security and the potential for future appreciation. Guaranteed rental income from four units housing veterans. Gated property for tenant safety and privacy, on site laundry facilities for tenant convenience, located in a quiet residential area with proximity to parks, schools and local amenities. Quick access to I-580, public transportation and a short commute to downtown Oakland and Lake Merritt.
Location
State CA
County Alameda
Area Oakland Zip 94605
Direction I-580 to Seminary turn right, left on Camden St, right on 62nd Ave
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Linoleum
Laundry Coin Operated
Exterior
Exterior Feature Fenced Yard
Garage Attached,Carport,Covered,Side-by-Side
Utilities Available Electric
Water Access Desc Public
Roof Type Flat
Total Parking Spaces 5
Building
Lot Description Curbs/Gutters,Sidewalk
Story 1
Foundation Slab
Sewer In & Connected,Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Oakland Unified
Middle Schools Oakland Unified
High Schools Oakland Unified
School District Alameda
Others
Senior Community No
Tax ID 038-3200-005-02
Special Listing Condition None