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Listed by Joey Wang • Keller Williams Realty • 925-934-2900
$ 600,000
Est. payment /mo
Active
1031 Bella Vista Ave Oakland, CA 94610
3,688 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,688 sqft
Price per Sqft $162
Subdivision Bella Vista
MLS Listing ID 41148502
HOA Y/N No
Year Built 1900
Lot Size 7,250 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
A Julia Morgan address: named in the published record of her East Bay work (Oakland Tribune, 12/18/1994), alongside Hearst Castle and the Chapel of the Chimes. Highland Hospital is a six-minute walk. The rents are the story. 1031 Bella Vista is a 1900 Oakland fourplex on a 7,250 SF lot, a few blocks from I-580. Four units, four gas meters, four electric meters, four parking spaces. Owner pays water and garbage only. Unit 1 spans 1,751 SF on the main floor: three bedrooms, two baths, fireplace, bay-window dining room. Unit 4 is a two-bedroom with a private 181 SF roof deck; Unit 5 a one-bedroom efficiency with a balcony. Both look over Oakland to the Bay. Unit 3 is a one-bedroom with a fireplace. Coin laundry and storage in the basement. Exterior painted 2025. Fully occupied. In-place rents average $1,204; broker market estimate $2,818. The upside comes at turnover. $600,000. $151/SF. $150,000 per unit. $57,999 in-place income, 3.9% cap. At market rents: 4.4 GRM, 15.6% cap.
Location
State CA
County Alameda
Interior
Heating Forced Air, Central
Cooling No Air Conditioning
Flooring Vinyl, Carpet
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Coin Operated, Dryer, In Basement, Washer
Building
Lot Description Sloped Up, Paved
Water Public
Others
Special Listing Condition Standard
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