Courtesy of: CHRISTOPHE RAT | CALDECOTT PROPERTIES
Purchase Type: Sale
MLS ID: 40947345
Days On Market: 17
Year Build: 1912
Lot size: 0.09
Property Type: Residential Income
New Construction: No
Heating: Natural Gas
Swimming Pool: No
Address: 940 28Th St
This classic Victorian style building with three units plus a cottage is located on a corner lot in the upcoming McClymonds neighborhood in West Oakland with easy transportation access. This mostly residential area also includes many repurposed warehouses/factories where diversity & the local friendly hip arts community strive. One of the units, the largest, most desirable & eclectic unit will be delivered vacant, it comes with views of both downtown Oakland and San Francisco skyline - great opportunity for house hacking owner-occupant! The property features a solar panels system and each unit has been tastefully remodeled over the time. The shared, low maintenance, brick patio provides off street parking and outdoor space for all tenants. This is an attractive and rare opportunity to invest in a centrally located, spacious, yet still affordable income property that will attract tenants from all socioeconomic backgrounds. And will produce a respectable cash flow - Cap Rate 7%.
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