1805 8th Avenue

Oakland, CA 94606

$2,150,000
Price
Beds
8,042 Sq. Ft.
$267 / Sq. Ft.
8,042
Sq. Ft.
$267
per Sq. Ft.

Description

Introducing 1805 8th Avenue, an extremely rare opportunity to acquire a well maintained asset with tremendous initial cashflow located in the desirable East Lake District. The offering is 7.38% cap rate and 8.58 GRM with real expense data which means exceptional returns for a prudent investor that cares about a robust portfolio. The property is comprised of (10) two bedroom, one bathroom units and (1) three bedroom, one bathroom unit. Don't miss this chance to enhance your holdings with an asset...Introducing 1805 8th Avenue, an extremely rare opportunity to acquire a well maintained asset with tremendous initial cashflow located in the desirable East Lake District. The offering is 7.38% cap rate and 8.58 GRM with real expense data which means exceptional returns for a prudent investor that cares about a robust portfolio. The property is comprised of (10) two bedroom, one bathroom units and (1) three bedroom, one bathroom unit. Don't miss this chance to enhance your holdings with an asset poised for rapid appreciation. Open houses: Tuesday 10/8 from 11:30-1pm, Friday 10/11 from 11-12:30pm and Saturday 10/12 from 12-1:30pm. Contact Rodger Allen to schedule a tour or for more information : 510-398-1624
  1. Listed by Nolan Jones • DRE #01509417 • KELLER WILLIAMS TRI VALLEY REALTY

Property Details for 1805 8th Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
11
LISTING UPDATED: 10/11/2024 01:21 AM

Property Details for 1805 8th Avenue

StatusActive
MLS #41075509
Days on Compass78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.18 AC / 7,670 SF
CountyAlameda County

Building Information for 1805 8th Avenue

Stories-Residences11Year Built1963Building Size-Lot Size0.18 AC / 7,670 SF

Property Information for 1805 8th Avenue

Features
Feature Details
  • Flooring: Tile
  • Laundry: Washer, Dryer
Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Dryer, Washer, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Siding - Stucco
  • Lot Description: Security Gate
  • Lot Sq Ft Apx: 7670
  • Lot Size Square Feet: 7670.0
  • Roof: Unknown
  • Sq Ft Apx: 8042
  • Year Built: 1963
Location Details
  • Directions to Property: Right onto 8th Avenue from E-18
  • FIPS Code: 06001
  • Census Tract: None
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 11
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, None
  • Apx Lot Acres: 0
  • On Site Parking Description: Covered Parking
Income / Expense Details
  • Annual Gross Sched Income: $250,500
  • Gross Income: $20,875
  • Gross Operating Actual Income: $250,500
  • Gross Rent Multiplier: 8.58
  • Net Operating Income: $158,677
Other Financial Information
  • Cap Rate: 7.38
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1805 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1805 8th Avenue

Taxable ValueLand$84,383Additions$155,443Total$239,826
Tax Record2024$12,219 ($1,018 / month)
Home Facts
Total Finished SqFt8,042 SqFtAbove Grade Finished SqFt8,042 SqFtStories3Lot Size7,670 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyALAMEDAAPN21-233-7-1

Schools near 1805 8th 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
Franklin Elementary School
PublicK to 5

Roosevelt 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.

Similar Homes

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1805 8th Avenue is a multi-family home for sale in Oakland, CA 94606. This property was listed for sale on October 4, 2024 by KELLER WILLIAMS TRI VALLEY REALTY, it's currently listed at $2,150,000. This listing's school district is Oakland Unified School District. Nearby schools include Franklin Elementary School, Roosevelt Middle School and Oakland High School. 1805 8th Avenue is a 0-bed, 0-bath, 8,042 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS TRI VALLEY REALTY, Nolan Jones, DRE #01509417

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.