For more information on this property, contact Daniel Winkler at 510-421-4528 or daniel@danielwinklerinc.com

996 44Th St
OAKLAND, California CA 94608
Price: $1,495,000
Listing ID 40991466
Status Active
SqFt 3,132
Acres 0.120
Year Built 1966

Property Description:

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
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

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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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