396 38Th St Oakland, CA 94609

5-unit apartment complex consisting of five 1bd/1bth units with an excellent Temescal location only a couple blocks from a variety of restaurants and shopping. Market cap rate: 7.31% and market GRM: 9.99. The property was built in 1954, offers approximately 3,025 square feet of rental space, and sits on a 4,300 square foot lot with 3 garages and a to total of 8 parking spaces. Recently, two units were fully remodeled with all new kitchens, new bathrooms, new flooring, new custom tile and lighting, new paint, new garage doors, new windows, and more. The property is easy to maintain and separately metered for water and PG&E providing for low annual expenses. Several units are far below market in rents offering the opportunity for the next investor to raise rents in the future. The exterior and interior are in great condition with no deferred maintenance resulting in a turn-key investment for the next owner.