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3571 66th Ave
Oakland, CA 94605

Multifamily Property For Sale · 9 Units

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.21 AC
Building Size 6,375 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1970/2010

SITE AMENITIES

  • Laundry Facilities
  • Smoke Free

ABOUT 3571 66TH AVE , OAKLAND, CA 94605

3571 66th Avenue is well maintained 9 unit building in the rapidly gentrifying and appreciating Millsmont neighborhood of Oakland.  Perched in a residential hillside neighborhood near Mills College on the East side of MacArthur Blvd., this property offers stability and upside for the next owner.   The owner of the building recently completed a seismic retrofit with permits, new roof, new exterior painting, and remodeling in 3 of the 9 units. The remodeled units appeal to a modern occupant with updated flooring, new counters, stainless steel appliances, and bright white bathrooms.  These updates along with city views (upper units), covered parking for every unit and close proximity to public transportation command top dollar in the market place. The units are separately metered for utilities keeping expenses manageable for the owner.   High 7% cash on cash returns on day 1. With 43% upside in rents, this building allows the next owner an opportunity to increase returns and leverage their investment in the hot and growing Oakland market. Last showing Tuesday 6/05 12-1 PM. Offers due on 06/07 by 1 PM.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 $1,385 600 - 700
2+1 6 $1,617 750 - 850

PROPERTY TAXES

ZONING

Zoning Code RM-3
  • Listing ID: 12632691

  • Date on Market: 5/21/2018

  • Last Updated:

  • Address: 3571 66th Ave, Oakland, CA 94605