748 Clara St Oakland, CA 94603
Property Features for 748 Clara St
General Information
- Property type
- Investment
- Standard status
- Contract
- 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, located in a desirable Oakland neighborhood, generates a gross monthly income of $7875. Tenants are long-term residents, contributing to the property's stabilized income. The building is located close to freeways and 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, close to freeways.
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 from long-term tenants.; - Potential for Increased Income: Includes an unpermitted 5th unit generating $875.00/month.; - Convenient Location: Situated in a good neighborhood with close proximity to freeways.
