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748 Clara St Oakland, CA 94603

For Sale
$749,000

Multifamily property with stabilized income in a good neighborhood.

Lot size:
0.14 Acres

Property Features for 748 Clara St

General Information

Lot size
0.14 Acres

Building Details

Year built
1964

Source: Channel Real Estate Inc Agent Sri Gopireddy

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Oakland Multifamily Property For Sale

This multifamily property generates a gross monthly income of $7875. The tenants are long-term residents, contributing to the property's stabilized income. Located in a desirable neighborhood with convenient freeway access, the property has a newly painted exterior. The property includes an additional fifth unit, constructed by a previous owner, with an income of $875. The property manager resides in one of the units and is a licensed contractor who handles property maintenance. The tenants are described as mature, hardworking families who pay on time and are well-behaved. The property is located within an average commute time of 35-45 minutes from the Bay Area and Silicon Valley. The property is intended for residential income purposes.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oakland
County
Alameda
State
California
Longitude
-122.1844818
Latitude
37.7398013

FAQs

What type of property is this?
Apartment building - Multifamily property with stabilized income in a good neighborhood.
Where is this apartment building located?
The property is located at 748 Clara St Oakland, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: - High Gross Monthly Income: $7875.00 (plus an additional $875.00 from unpermitted unit).; - Stabilized Income: Long-term tenants provide consistent rental income.; - Convenient Location: Situated in a good neighborhood with close proximity to freeways.
More about this property
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