Description
Perfectly situated just blocks away from picturesque Lake Merritt, this Clinton Fourplex presents an exceptional opportunity for an owner-occupied investment or for astute investors seeking to capitalize Oakland's thriving rental market with a GRM of 9.22 and 7.18% Cap Rate. The thoughtfully renovated and currently vacant 1-bedroom unit is ideally suited for a market rate tenant or immediate owner occupancy, while a bonus ADU cottage offers further income potential. Adding to its appeal, three units are currently occupied by reliable tenants who consistently pay on time. While the individual gas and electric meters, hardscaped yard, and the inclusion of newer appliances minimize operating expenses and maintenance. The property's location within walking distance of New Chinatown (Walk Score 88) ensures exceptional convenience, with easy access to grocery stores, restaurants, and various retail outlets. Additionally, 5-minute proximity to major transportation arteries such as I-880, I-580, and CA-24, as well as the convenience of a 10-minute bus ride to Lake Merritt BART, ensures seamless connectivity to key employment and entertainment hubs.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kevin Jacky Hom (#CCBE-175504553)
Listing Office: Compass (#CCBE-SPSP04)
Listing Courtesy (Buyer)
Buyer's Agent: Kimberlee Walker (#CCBE-R02067155)
