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Listed by Willem Bos, DRE #02013980 • COMPASS
$ 1,275,000
Est. payment | /mo
3 Beds
3 Baths
4,178 SqFt
$ 1,275,000
Est. payment | /mo
3 Beds
3 Baths
4,178 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,178 sqft
Price per Sqft $305
MLS Listing ID EB41131980
Bedrooms 3
Year Built 1952
Lot Size 5,160 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
3114 Ashbrook Ct, an 8-unit multifamily property in Oakland's Fruitvale corridor offered at $1,275,000 ($159,375/unit, $305/SF) at a 6.75% current cap rate and 9.44 GRM, with a path to a 10.93% pro forma cap as in-place rents are brought to market. The unit mix consists of (6) 1x1, (1) 2x1, and (1) Studio, with current in-place monthly income of $11,034 versus $16,015 at market - a 45.1% rent upside. Five on-site garage parking spaces and on-site laundry facilities contribute to income, with additional potential from currently unrented storage units. The property sits within walking distance of Fruitvale BART (~0.9 mi) and less than one mile from both I-580 and I-880.
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Interior
Heating Electric
Cooling None
Flooring Laminate
Exterior
Exterior Feature Stucco
Parking Features Attached Garage
Garage Spaces 5.0
Roof Type Composition
Others
Special Listing Condition New, Not Applicable
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