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.
Sold for $925,000 on 02/06/24
$925,000
956 Apgar St, Oakland, CA 94608
--beds
--baths
2,538sqft
Multi Family, Quadruplex
Built in 1940
-- sqft lot
$1,019,000 Zestimate®
$364/sqft
$3,879 Estimated rent
What's special
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#: 41046623

Facts & features
Interior
Heating
- Baseboard, Wall Furnace
Cooling
- Has cooling: Yes
Appliances
- Included: Disposal
- Laundry: No Hookups
Features
- Updated Baths, Updated Kitchen
- Flooring: Laminate, Linoleum, Tile, Carpet
- Windows: Window Coverings
- Has fireplace: No
Interior area
- Total structure area: 2,538
- Total interior livable area: 2,538 sqft
Property
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: 1995
Services availability
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Estimated market value
$1,019,000