This Multifamily Property is no longer advertised on LoopNet.com.

3571 66th Ave
Oakland, CA 94605

CAP 7%, Cash on Cash 7.6%, GRM 9.6 · Multifamily Property For Sale · 9 Units

INVESTMENT HIGHLIGHTS

  • Existing first loan with First Republic Bank of $905,800 @ 4% payable monthly $4,846.37, due date 2028, buyer may take “subject to” if they elect to d
  • Existing Cash on Cash Return 7.6% Market Cash on Cash Return 19%
  • 40% Upside in the Rents
  • Existing Cap 7%, Market Cap 12.5%
  • Existing Gross Rent Multiplier 9.6 Market Gross Rent Multiplier 6.3
  • High growth city and area influencing great appreciation potential

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 1970

SITE AMENITIES

  • Laundry Facilities
  • Smoke Free

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 - 620
2+1 6 - 750

PROPERTY TAXES

ZONING

Zoning Code RM-3
  • Listing ID: 30498649

  • Date on Market: 1/2/2024

  • Last Updated:

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