Listing ID: 40991466
Price: $1,495,000
Price/SqFt: $477.00
Status: Active
Address: 996 44Th St
City: OAKLAND
State: California
Postal Code: 94608
SqFt: 3,132
Acres: 0.120
County: Alameda
Subdivision: NOBE
OAKLAND
CA
94608
Income, Income, Income! Almost $10,000 a month in gross rents! Offered at a 4.5% cap rate, this is a great deal for an investor. 996 44th Street is a very well-maintained building in Oakland's very popular NOBE district. 992 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
Email:
daniel@danielwinklerinc.com
Office Phone:
510-528-2200
Office Fax:
510-528-2100
Cell Phone:
510-421-4528
Primary Features
County:
Alameda
Price/SqFt:
477
Property Sub Type:
FOURPLEX
Property Type:
Residential Income
Subdivision:
NOBE
Year Built:
1966
Interior
Additional Equipment:
Dryer, Washer, Water Heater Gas
Approximate SqFt 1:
500
Approximate SqFt 2:
750
Approximate SqFt 3:
750
Approximate SqFt 4:
1132
Basement:
None
Bathrooms 1:
1
Bathrooms 2:
1
Bathrooms 3:
1
Bathrooms 4:
2
Bedrooms 1:
1
Bedrooms 2:
2
Bedrooms 3:
2
Bedrooms 4:
3
Cooling:
No Air Conditioning
Flooring:
Laminate, Partial Carpeting
Heating:
Gas, Wall Furnace
Laundry:
Community Facility, Dryer, Washer
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:
5000
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, Rent Control
DOMLS:
14
Inspection Reports:
Structural Pest Control
Net Operating Income:
67457
Point of Sale Ordinance:
yes
Possession:
Rental Agreement, Tenant's Rights
Sale/Rent:
For Sale
Separate Meters:
Electric, Gas
Some Units Include:
Disposal, Updated Baths, Updated Kitchen
Source:
Owner
Total Units:
4
Financial
Annual Expense Year:
45786
Annual Gross Scheduled Income:
113244
Annual Insurance Expense:
3420
Annual Maintenance Expense:
1132
Annual Management Expense:
5662
Annual Rental Income:
113244
Annual Taxes:
22416
Annual Total Operating Expense:
45786
Annual Utility Expense:
3000
Annual Vacancy Expense:
3397
City Transfer Tax:
yes
Existing Lease Terms:
Month to Month, Written Agreement
Financial Data Source:
Owner
Gross Operating Actual Income:
113244
Operating Expenses:
Garbage Collection, Insurance, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments, Vacancy Factor
Rent 1:
2300 est
Rent 2:
2669
Rent 3:
1573
Rent 4:
2895
School District:
Oakland (510) 879-8111
Special Information:
None
Tenant Pays:
Electric, Gas
Terms:
Cash, Conventional, 1031 Exchange
Zoning Info
Contact
Winkler Real Estate Group
1215 Solano Avenue
Albany, CA 94706
Phone: 510-528-2200
Phone Alt: 510-528-5810
Fax: 510-528-2100
Data services provided by IDX Broker
© 2022 BEAR, bridgeMLS, CCAR. This information is deemed reliable but not
verified
or guaranteed.
This information is being provided by the Bay East MLS or bridgeMLS or Contra Costa MLS.
The listings presented here may or may not be listed by the Broker/Agent operating this
website.
Copyright © Winkler Group. Corporate License #01322466 All Rights Reserved.
© 2022 BEAR, bridgeMLS, CCAR. This information is deemed reliable but not
verified
or guaranteed.
This information is being provided by the Bay East MLS or bridgeMLS or Contra Costa MLS.
The listings presented here may or may not be listed by the Broker/Agent operating this
website.Created by Denali Data Systems Inc.