3571 66th Ave
Oakland, CA 94605
Multifamily Property For Sale · 9 Units
![3571 66th Ave, Oakland, CA for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/z2Pyb5ERkduX-fPr1zu3kYNCoiHo939rYGWiiMx6raQ/110/3571-66th-Ave-Oakland-CA-Primary-Photo-1-Large.jpg)
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
Parcel Number | 037A-2752-001-04 | Improvements Assessment | $1,247,129 |
Land Assessment | $669,300 | Total Assessment | $1,916,429 |
ZONING
Zoning Code | RM-3 |
Learn More About Investing in Apartment Buildings
Listing ID: 12632691
Date on Market: 5/21/2018
Last Updated:
Address: 3571 66th Ave, Oakland, CA 94605
The Oakland-South/Airport Multifamily Property at 3571 66th Ave, Oakland, CA 94605 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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