Property has a lot of upside potential. It has 22 units and the average rent is $650 per month. The cap rate is approximately 17% and the GRM is approximately 5.5. The downstairs basement area is about 2,500 S.F. and one can add a community dining room, entertainment area or whatever meets the imagination. Must contact City of Oakland for specific plans and building allowances. Close to BART, Uptown, Fox and Paramount theaters. Surrounding areas have many approved plans for condos etc. Please do not disturb or disclose to tenant property is on the market.
2327 San Pablo Ave, Oakland, CA 94612 (MLS# 40803013) is a
Multi-Family property that was sold at $675,000 on June 11, 2018.
This property was listed by Gary Robinson from our Oakland-Piedmont Office.Want to learn more about 2327 San Pablo Ave?
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.