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Sold for $925,000 on 02/06/24
  • $925,000

    956 Apgar St, Oakland, CA 94608

    4beds
    4baths
    2,538sqft
    Multi Family, Quadruplex
    Built in 1940
    -- sqft lot
    $1,060,100 Zestimate®
    $364/sqft
    $2,755 Estimated rent

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    $2,755/mo

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    $2,755/mo

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    $5,743/mo

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    $5,743/mo

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    What's special

    This 4 unit Multi-Family property is ideal for investors seeking substantial returns. Currently generating actual CAP rate pf 6% with pro forma CAP at 6.5%. With its prime location in Longfellow Neighborhood of Oakland and impressive income, this property promises to be a lucrative addition to any investment portfolio. 1 Unit to be delivered vacant; ideal for owner occupancy in one while collecting market rate rents on 3 other units. 2 of the 4 units have been completely remodeled with new kithchen, remodeled bathrooms, new dual paned windows, and luxury vinyl plank flooring throughout. Exterior is newly painted. New concrete wallway and drlveway and low maintainance front landscaping. Each unit is separately metered for gas and electric utilities makes for lower operating cost for owner. 4 spacious 1 bedroom/1bath units. Large lot with at least 7 off street parking spaces. The backyard has potential for placement of an ADU for additional rental income potential. Property will offer investor potential tax savings as it is located in Opportunity Zone.

    Zillow last checked: 7 hours ago

    Listing updated: February 07, 2024 at 02:01am

    Listed by:

    Steven Wang DRE #01368485 408-309-8920,

    Ca Golden Properties

    Bought with:

    Tina Harris, DRE #02052351

    Better Homes Realty

    Source: Bay East AOR,MLS#: 41046623MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Baseboard, Wall Furnace
    Cooling
    • No Air Conditioning
    Appliances
    • Included: Disposal
    • Laundry: No Hookups
    Features
    • Updated Baths, Updated Kitchen
    • Flooring: Laminate, Linoleum, Tile, Carpet
    • Windows: Window Coverings
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 2,538
    • Total interior livable area: 2,538 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Off Street
    Accessibility
    • Accessibility features: Other
    Features
    • Exterior features: Garden
    • Fencing: Fenced
    Lot
    • Size: 6,098 sqft
    • Features: Level, Front Yard, Back Yard
    Details
    • Parcel number: 1295557
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: No Solar

    Community & neighborhood

    Community
    • Community features: Other
    Location
    • Region: Oakland
    • Subdivision: Longfellow

    HOA & financial

    Other financial information
    • Total actual rent: 85188

    Other

    Other facts
    • Listing agreement: Excl Right
    • Listing terms: Cash,Conventional
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    Estimated market value
    $1,060,100