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
![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)
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 |
LINKS
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 |
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Listing ID: 30498649
Date on Market: 1/2/2024
Last Updated:
Address: 3571 66th Ave, Oakland, CA 94605
The Middle East Oakland 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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