1618 82nd Avenue Oakland, CA 94621

1618 82nd Avenue is a three unit multifamily property built in 1928, located in Oakland, CA. The property consists of one 4bd/2bth standalone single family home, one 2bd/1bth and one 1bd/1bth unit. Situated on a 5,120 sq ft lot, the property has recently undergone capital improvements including, but... not limited to, a new roof, dual pane windows, remodeled bathrooms and new siding. All units are separately metered for PG&E and water and all tenants currently pay for gas, electric, and water providing low annual expenses for the owner. There is a garage in the back of the property approximately 15'x25'(375sqft) which could potentially be converted into a fourth unit (Buyer to confirm). Additionally, there are 5 years of banked rents for both the 2bd and 4bd units providing instant rental upside for new owner. Lastly, there are owner owned coin operated laundry machines providing additional income. Continue reading