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5 Units with 10.01% Current Cap Rate 1311 97th Ave

5 Unit Apartment Building $995,000 ($199,000/Unit) 10.01% Cap Rate Oakland, CA 94603

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Investment Highlights

5-Unit Apartment Complex Featuring Three Large 2bd/1bth Units and Two 1bd/1bth Units with Excellent
Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
Quiet Residential Street Comprised of Mostly Single-Family Homes Close to Shopping and Restaurants

Excellent Current Income and Strong Rental Upside
Two Vacant 2bd/1bth Units; Perfect for Owner-Occupants or Investors Seeking Max Market Rates
Four Parking Garages Rented for Additional Income

Executive Summary

5-unit apartment complex featuring three large 2bd/1bth units and two 1bd/1bth units with strong current income and excellent rental upside. The property was originally built in 1951, offers approximately 4,335 square feet of rental space, and sits on a 6,300 square foot lot with four garage spaces and a nice backyard area. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. The property has been historically managed by the owner, is separately metered for PG&E, and offers low annual operating expenses. Currently there are two vacant 2bd/1bth units perfect for an investor seeking high market rents or possible owner-occupants. The property is located on a quiet residential street with mostly single-family homes. There are many restaurants, shopping options, and public transportation nearby making this an attractive
location for tenants.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

Property Facts

Price	$995,000	Apartment Style	Low Rise
Price Per Unit	$199,000	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Cap Rate	10.01%	Building Size	4,335 SF
Gross Rent Multiplier	7.22	No. Stories	2
No. Units	5	Year Built	1951
Property Type	Multifamily	Parking Ratio	1.85/1,000 SF
Property Subtype	Apartment Multifamily Dormitory

Price	$995,000
Price Per Unit	$199,000
Sale Type	Investment
Cap Rate	10.01%
Gross Rent Multiplier	7.22
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.14 AC
Building Size	4,335 SF
No. Stories	2
Year Built	1951
Parking Ratio	1.85/1,000 SF