For more information on this property, contact Winkler Real Estate Group at 510-528-2200 or daniel@danielwinklerinc.com

439 International Blvd
Oakland, California CA 94606
Sold For: $1,945,000
Listing ID 40991342
Status Closed
Bedrooms 12
SqFt 5,502
Acres 0.090
Year Built 1996

Property Description:

5.5% Cap Rate on Current Rents!!! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.

Primary Features

County: Alameda
Price/SqFt: 363
Property Sub Type: Triplex
Property Type: Residential Income
Subdivision: OAKLAND
Year Built: 1996

Interior

Appliances: Dryer, Washer, Gas Water Heater
Basement: None
Building Area Units: Square Feet
Cooling: yes
Cooling Type: No Air Conditioning
Flooring: Laminate, Engineered Wood
Heating: yes
Heating Type: Forced Air, Natural Gas
Interior Features: Storage
Laundry Features: Community Facility, Dryer, Washer
Living Area Units: Square Feet

External

Attached Garage: no
Carport: no
Construction Materials: Lap, Cement Siding, Fiber Cement
Electric: No Solar
Fencing: Fenced
Garage: no
Lot Features: Level
Lot Size Area: 0.09
Lot Size Square Feet: 3750
Lot Size Units: Acres
Parking Features: No Parking on Site, Off Street, Parking Lot
Parking Total: 1
Window Features: Double Pane Windows

Location

Building Area Source: Owner
Building Area Total: 5502
Country: US
Directions: 5th to International
MLS Area Major: Oakland Zip Code 94606
View: yes
View Type: Partial

Additional

Age: 26
Mls Status: Sold

Financial

City Transfer Tax: Yes
Listing Terms: Cash, 1031 Exchange
Point of Sale Ordinance: Yes
Sale Price/SqFt: 354
Sale/Rent: For Sale
Special Listing Conditions: Standard

Zoning Info


Contact - Listing ID 40991342

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Winkler Real Estate Group

1215 Solano Avenue
Albany, CA 94706
Phone: 510-528-2200
Phone Alt: 510-528-5810
Fax: 510-528-2100

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