748 Clara St Oakland, CA 94603
Multifamily property with stabilized income in a good neighborhood.
Lot size:
0.14 AcresProperty Features for 748 Clara St
General Information
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1964
Source:
Elliman
Listing 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
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.1844818
- Latitude
- 37.7398013
Nearby Similar for Sale
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.