Oakland Rent control exempt!! Strong income @ 5.3% Cap rate (With additional upside potential) This rebuilt 1890's triplex is located just blocks from Hollis Oak- A leasing development of 124 residential and live work units and 2900 sq feet of retail, union plaza park public garden and just around the corner from magnolia row townhomes Featuring: 2- two bedroom one bath units and a top floor 3 bedroom 2 bath unit. Two units with in unit laundry. This building is very easy to manage and to rent, individual meters for gas and electric, and water with tenants paying all utilities. (excluding garbage service). This investment offers an excellent location, attractive steady income, and the piece of mind of modern permitted construction. Full gut renovated top to bottom in 2014.
Off market
Zestimate®
$1,021,400
1213 34th St, Oakland, CA 94608
7beds
0baths
2,709sqft
MultiFamily
Built in 1890
-- sqft lot
$1,021,400 Zestimate®
$377/sqft
$3,641 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 0
Heating
- Wall, Gas
Cooling
- Central
Appliances
- Included: Dryer, Washer
Features
- Flooring: Tile, Hardwood, Laminate
Interior area
- Total interior livable area: 2,709 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Cement / Concrete
Lot
- Size: 3,484 sqft
- Features: Level, Regular
Details
- Parcel number: 54745
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
- Roof: Composition
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 294605
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Tile, Laminate, Hardwood
- HeatingYN: true
- NumberOfUnitsTotal: 3
- LotFeatures: Level, Regular
- ExteriorFeatures: Back Yard
- ConstructionMaterials: Cement Siding
- MaintenanceExpense: 1000
- TenantPays: Electricity, Gas, Water
- Appliances: Dryer, Washer, Gas Water Heater
- Heating: Wall Furnace
- InsuranceExpense: 3000
- ProfessionalManagementExpense: 0
- VacancyAllowance: 0
- ExistingLeaseType: Security Deposit, Written Agreement
- Cooling: No Air Conditioning
- Roof: Rolled Composition
- MlsStatus: New
- GrossIncome: 92080
- GrossScheduledIncome: 92080
- NetOperatingIncome: 76880
- OperatingExpense: 20680
- TotalActualRent: 294605
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Estimated market value
$1,021,400