$1,995,000
Well-maintained six-unit apartment building on a tree-lined block near UC campus and downtown. Built in 1913 and updated throughout, the property features a two-story main building with four units plus two detached cottage-style units fronting a shared flagstone courtyard with lovely landscaping. Interiors have been renovated with granite countertops, stainless steel appliances, modern cabinetry, tiled bathrooms, and refinished hardwood and laminate flooring. The rear cottages offer separate entries, private exterior patios, and covered porch access off the landscaped garden. Major building systems have also been addressed: the main building sits on a modern steel-reinforced concrete foundation with substantial seismic bracing, rear units have also had structural updating. Other practical updates include a recent composition shingle roof, and updated electrical wiring and plumbing. Four of six units are delivered vacant, giving a buyer immediate control over lease-up at market rents or the option to live together with close friends or family. Projected stabilized gross income of $175,800 annually.
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Listed by Devin Ratoosh with Red Oak Realty (510) 527-5500
Property Type
Residential Income
Status
Active
MLS Number
41129267
Year Built
1913
Lot Size
6,752 sq ft