Listing ID: 40991464
Price: $1,649,000
Price/SqFt: $488.00
Status: Active
Address: 992 44Th St
City: OAKLAND
State: California
Postal Code: 94608
SqFt: 3,382
Acres: 0.120
County: Alameda
Subdivision: NOBE
OAKLAND
CA
94608
Income, Income, Income! Over $10,000 a month in gross rents! Offered at a 4.8% cap rate, this is a great deal for an investor. 992 44th Street is a very well-maintained building in Oakland's very popular NOBE district. 996 44th, also a fourplex, and right next door, is for sale too. Buy both, and get the benefit of long term FNMA financing vs. commercial financing! All units have been updated by the current owners over the years. Most kitchens and baths remodeled.
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/SqFt: 488
Property Sub Type: FOURPLEX
Property Type: Residential Income
Subdivision: NOBE
Year Built: 1966

Interior

Additional Equipment: Water Heater Gas, Carbon Mon Detector, Smoke Detector, Individual Electric Meter, Individual Gas Meter
Approximate SqFt 1: 750
Approximate SqFt 2: 750
Approximate SqFt 3: 1132
Approximate SqFt 4: 750
Basement: None
Bathrooms 1: 1
Bathrooms 2: 1
Bathrooms 3: 2
Bathrooms 4: 1
Bedrooms 1: 2
Bedrooms 2: 2
Bedrooms 3: 3
Bedrooms 4: 2
Cooling: No Air Conditioning
Flooring: Laminate, Partial Carpeting
Heating: Gas, Wall Furnace
Range/Oven 1: yes
Range/Oven 2: yes
Range/Oven 3: yes
Range/Oven 4: yes
Refrigerator 1: yes
Refrigerator 2: yes
Refrigerator 3: yes
Refrigerator 4: yes
Unit Features: Updated Baths, Updated Kitchen

External

Exterior: Stucco
Lot SqFt Aproximate: 4995
Parking Description: Off Street Parking, Spaces - Assigned, Space Per Unit - 1
Parking Spaces 1: 1
Parking Spaces 2: 1
Parking Spaces 3: 1
Parking Spaces 4: 1
Roof: Rolled Composition, Bitumen
Solar: None
Total Parking Spaces: 4
Water/Sewer: Sewer System - Public, Water - Public
Yard Description: No Yard

Location

Area: Oakland Zip Code 94608
Cross Street: Linden
Elementary School District: Oakland (510) 879-8111
Lot Description: Level
Unit 1 Address: 1
Unit 2 Address: 2
Unit 3 Address: 3
Unit 4 Address: 4

Additional

Additional Miscellaneous Features: Other
Age: 56
Board ID: Bridge AOR
Bridge Listing Input: Paragon
Cumulative DOMLS: 14
Disclosures: Current Bus Lic, Nat Hazard Disclosure, Rent Control
DOMLS: 14
Inspection Reports: Structural Pest Control
Net Operating Income: 79926
Point of Sale Ordinance: yes
Possession: Rental Agreement, Tenant's Rights
Sale/Rent: For Sale
Separate Meters: Electric, Gas
Some Units Include: Deck, Disposal, Updated Baths, Updated Kitchen
Source: Owner
Total Units: 4

Financial

Annual Expense Year: 48845
Annual Gross Scheduled Income: 128772
Annual Insurance Expense: 3300
Annual Maintenance Expense: 1287
Annual Management Expense: 6438
Annual Rental Income: 128772
Annual Taxes: 23760
Annual Total Operating Expense: 48845
Annual Utility Expense: 3000
Annual Vacancy Expense: 3863
City Transfer Tax: yes
Existing Lease Terms: Security Deposit, Written Agreement
Financial Data Source: Owner
Gross Operating Actual Income: 128772
Operating Expenses: Garbage Collection, Insurance, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments, Vacancy Factor
Rent 1: 2850
Rent 2: 2495
Rent 3: 2891
Rent 4: 2495
School District: Oakland (510) 879-8111
Special Information: None
Tenant Pays: Electric, Gas, Other
Terms: Cash, 1031 Exchange

Zoning Info


Listing courtesy of Daniel Winkler, WINKLER REAL ESTATE GROUP
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Contact - Listing ID 40991464

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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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