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33 Home Pl E

5 Unit Apartment Building $1,389,000 ($277,800/Unit) 8.06% Cap Rate Oakland, CA 94610

Investment Highlights

  • Over sized units
  • Coin op laundry on site
  • Large basement below with private entrance/windows and bathroom
  • Attractive Cleveland heights location

Executive Summary

Price reduced
Motivated Seller looking at all offers!
The Bos Group is Proud to present 33 Home Place East, a unique five-unit apartment
complex in the heart of Oakland’s Ivy Hill Neighborhood.
The property features (3) large two-
bedroom units with formal dining and
living rooms and (2) Two-bedroom, one-bathroom units used. Situated near the end
of a quiet culdesac, tenants are offered security
with easy access to the 580 freeway and local shops and restaurants.
This day-one cash-flowing property offers rental upside and is strategically positioned to deliver long-term returns through unit remodels and upgrades. The property’s ability to attract premium tenants and maintain a meager vacancy rate provides potential investors security and stability.

Attachments

33HomePlE_Web

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $150,583 $30.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $150,583 $30.00
Taxes - -
Operating Expenses - -
Total Expenses $39,554 $7.88
Net Operating Income $111,029 $22.12

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $150,583
Annual Per SF $30.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $150,583
Annual Per SF $30.00
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $39,554
Annual Per SF $7.88
Net Operating Income
Annual $111,029
Annual Per SF $22.12

Property Facts

Price $1,389,000
Price Per Unit $277,800
Sale Type Investment
Cap Rate 8.06%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Gross Rent Multiplier 8.9
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 5,019 SF
Average Occupancy 60%
No. Stories 3
Year Built 1949
Parking Ratio 0.8/1,000 SF

Unit Amenities

  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Dining Room
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 - -
3+1 2 - -
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-0403-020-01
Land Assessment
$132,172 (2024)
Improvements Assessment
$308,914 (2024)
Total Assessment
$441,086 (2024)
  • Listing ID: 33223945

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 33 Home Pl E, Oakland, CA 94610

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