740 Alcatraz Avenue

Oakland, CA 94609

$1,175,000
Price
Beds
2,413 Sq. Ft.
$487 / Sq. Ft.
2,413
Sq. Ft.
$487
per Sq. Ft.

Description

This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor...This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.

Listing Agent

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

Property Details for 740 Alcatraz Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Detached Garage, Other
View
None
Total # Parking Spaces
8
LISTING UPDATED: 11/14/2024 01:20 PM

Property Details for 740 Alcatraz Avenue

StatusPending
MLS #41068194
Days on Compass107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1910
Lot Size0.14 AC / 6,000 SF
CountyAlameda County

Building Information for 740 Alcatraz Avenue

Stories-Residences5Year Built1910Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 740 Alcatraz Avenue

Features
Feature Details
  • Flooring: Other
  • Laundry: Other
  • Disability Features: Other
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Other
  • Energy Saving Feature: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Other
  • Lot Sq Ft Apx: 6000
  • Lot Size Square Feet: 6000.0
  • Roof: Other
  • Sq Ft Apx: 2413
  • Year Built: 1910
Location Details
  • Directions to Property: Off Alcatraz and Shattuck
  • FIPS Code: 06001
  • Census Tract: no
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Other
  • Some Units Have: Other
  • Units Total: 5
  • Basement: Other
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas, Other
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Other
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • Inspection Reports Available: Other
  • On Site Parking Description: Detached Garage, Other
  • Units - Other: Other
Income / Expense Details
  • Gross Income: $115,998
  • Gross Rent Multiplier: 9.7
  • Net Operating Income: $79,518
Other Financial Information
  • Cap Rate: 7.12
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 740 Alcatraz 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 740 Alcatraz Avenue

Taxable ValueLand$250,000Additions$937,500Total$1,187,500
Tax Record2024$19,755 ($1,646 / month)
Home Facts
Total Finished SqFt2,413 SqFtAbove Grade Finished SqFt2,413 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1920CountyALAMEDAAPN16-1432-9

Schools near 740 Alcatraz 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
Charter - K to 8
Rating
School
Distance
Peralta Elementary School
PublicK to 5

Claremont Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Aspire Berkley Maynard Academy
CharterK to 8

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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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 COMPASS, Willem Bos, DRE #02013980

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.