1106 4th Avenue
$900,000
—
5,563
5,563
$162
Sold 7/5/24
Description
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property...1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
Property Details for 1106 4th Avenue
City
OAKLAND
Building Type5 or More Units
Property Sub Type5 or More Units
Total # Parking Spaces0
LISTING UPDATED: 07/08/2024 02:05 PM
Property Details for 1106 4th Avenue
Status | Sold |
---|---|
MLS # | 41059511 |
Days on Compass | 14 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1912 |
Lot Size | 0.09 AC / 4,000 SF |
County | Alameda County |
Buyer's Agent Compensation | 2% |
Building Information for 1106 4th Avenue
Stories-Residences6Year Built1912Building Size-Lot Size0.09 AC / 4,000 SF
Property Information for 1106 4th Avenue
Property History for 1106 4th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1106 4th Avenue
Taxable ValueLand$225,753Additions$543,258Total$769,011
Tax Record2023$15,584 ($1,299 / month)
Home Facts
Total Finished SqFt5,563 SqFtAbove Grade Finished SqFt5,563 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1912CountyALAMEDAAPN19-30-14
Schools near 1106 4th Avenue
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
La Escuelita Elementary School PublicK to 5 | ||
Westlake Middle School Public6 to 8 | ||
Oakland High School Public9 to 12 | ||
Metwest High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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