Oakland, CA 94611,78 Glen
$1,575,000
$1,575,000
Est.Price: ?

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4 BD
3,489 SqFt

78 Glen Oakland, CA 94611

Est. payment /mo
SOLD DATE : 05/25/2023

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Key Details

Sold Price $1,575,000

Property Type Other Types

Sub Type OTHER

Listing Status Sold

Purchase Type For Sale

Square Footage 3,489 sqft

Price per Sqft $451

Subdivision Piedmont Avenue

MLS Listing ID 41018676

Sold Date 05/25/23

Bedrooms 4

HOA Y/N No

Year Built 1912

Lot Size 2,850 Sqft

Acres 0.06

Property Description

Huge price reduction on this 7 unit Apt. Amazing location next to Piedmont Ave. Near Kaiser & Summit Hospitals, and Bart is less than a mile away. Many upgrades done to this charming building. 5 units delivered vacant to ensure high market rent prices - a sure way to get on a good cycle for solid financial return. Amazing price for this rarely available investment opportunity. New 400 amp electrical service. Newly painted outside and all of the vacant unit. Updated kitchen and new floors. Excellently maintained by Discovery management. Prime prime prime location!! One 2BD/1BA. Two 1BD/1BA. plus Four studio units. Projected $12,955 gross rent per month. 10.13 times GRM. Cap rate is 5.65%.

Location

State CA

County Alameda

Area Oakland Zip Code 94611

Rooms

Basement None

Interior

Heating Floor Furnace

Cooling No Air Conditioning

Flooring Hardwood, Vinyl

Fireplace No

Laundry No Hookups

Exterior

Exterior Feature Back Yard, Garden

Utilities Available Individual Electric Meter, Master Electric Meter

Parking Type Off Street, Parking Lot

Total Parking Spaces 2

Building

Lot Description Level

New Construction No

Others

Tax ID 012 0992 001 00

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Bridge MLS
Listed by Ed Kuo • The GRUBB Company
Bought with KahilaNilsson

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Vid Cotarta

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