Listing ID: 40991342
Price: $1,995,000
Price/SqFt: $363.00
Status: Active
Address: 439 International Blvd
State: California
Postal Code: 94606
SqFt: 5,502
Acres: 0.090
County: Alameda
Subdivision: OAKLAND
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
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


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


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


Area: Oakland Zip Code 94606
Cross Street: 5th
Lot Description: Level
Unit 1 Address: #1
Unit 2 Address: #A
Unit 3 Address: #B


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
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


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
© 2022 Bay East. © 2022 CCAR. © 2022 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on Wednesday, August 10th, 2022 at 01:08:19 PM.

Contact - Listing ID 40991342

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Daniel Winkler

United States
Phone: 510-421-4528
Fax: 510-528-2100

Data services provided by IDX Broker
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