For more information on this property,
contact Daniel Winkler at 510-421-4528 or daniel@danielwinklerinc.com
439
International Blvd,
OAKLAND,
California
CA
94606
Price: $1,995,000
Listing ID 40991342
Status Active
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.
Daniel Winkler
Title:
President/Broker
Email:
daniel@danielwinklerinc.com
Office Phone:
510-528-2200
Office Fax:
510-528-2100
Cell Phone:
510-421-4528
Primary Features
County:
Alameda
Price Before Reduction:
2295000
Price Reduction Date:
2022-05-25T23:20:14+00:00
Price/SqFt:
363
Property Sub Type:
TRIPLEX
Property Type:
Residential Income
Subdivision:
OAKLAND
Year Built:
1996
Interior
Additional Equipment:
Dryer, Washer, Water Heater Gas
Approximate SqFt 1:
1956
Approximate SqFt 2:
1564
Approximate SqFt 3:
1462
Basement:
None
Bathrooms 1:
.5
Bathrooms 2:
2
Bathrooms 3:
2
Bedrooms 2:
5
Bedrooms 3:
7
Cooling:
No Air Conditioning
Flooring:
Laminate, Engineered Wood
Heating:
Forced Air 1 Zone, Gas
Laundry:
Community Facility, Dryer, Washer
Range/Oven 2:
yes
Range/Oven 3:
yes
Refrigerator 1:
yes
Refrigerator 2:
yes
Refrigerator 3:
yes
External
Exterior:
Dual Pane Windows, Lap, Siding - Cement, Fiber Cement
Lot SqFt Aproximate:
3750
Parking Description:
No Parking on Site, Off Street Parking, Parking Area
Roof:
Unknown
Solar:
None
Total Parking Spaces:
3
Water/Sewer:
Sewer System - Public, Water - Public
Yard Description:
Deck(s), Fenced
Location
Area:
Oakland Zip Code 94606
Cross Street:
5th
Lot Description:
Level
Unit 1 Address:
#1
Unit 2 Address:
#A
Unit 3 Address:
#B
Additional
Additional Miscellaneous Features:
Balcony/Patio, Extra Storage
Age:
26
Board ID:
Bridge AOR
Bridge Listing Input:
Paragon
Cumulative DOMLS:
30
Disclosures:
Current Bus Lic, Nat Hazard Disclosure, Rent Control
DOMLS:
30
Inspection Reports:
Home, Structural Pest Control
Net Operating Income:
109571
Point of Sale Ordinance:
yes
Possession:
Tenant's Rights
Sale/Rent:
For Sale
Source:
Owner
Total Units:
3
Financial
Annual Expense Year:
75636
Annual Gross Scheduled Income:
185208
Annual Insurance Expense:
9266
Annual Maintenance Expense:
13000
Annual Management Expense:
23151
Annual Rental Income:
185208
Annual Taxes:
17106
Annual Utility Expense:
3400
Annual Vacancy Expense:
5556
City Transfer Tax:
yes
Existing Lease Terms:
Month to Month, Security Deposit, Written Agreement, Year Lease
Financial Data Source:
Estimated, Owner, Property Manager
Gross Operating Actual Income:
185208
Operating Expenses:
Garbage Collection, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments, Vacancy Factor
Rent 1:
2250
Rent 2:
5563
Rent 3:
7621
Special Information:
None
Tenant Pays:
Other
Terms:
Cash, 1031 Exchange
Total Deposits:
21557
Zoning Info
Listing courtesy of Daniel Winkler, WINKLER REAL ESTATE GROUP
Contact - Listing ID 40991342
Data services provided by IDX Broker
