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Oakland, CA, 94603 • Brookfield Village • Alameda County
$261/sqft
3,234Sqft
0.15 acLot
1963Built
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1674 days on market
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$261/sqft
Price per square foot
Multi Family · Built 1963
633 Clara Street in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment building with tremendous upside in future income. Built in 1963, the 3,234 square foot property offers four (4) Two-Bedroom/One-Bath units and sits on an oversized 6,640 square foot lot. New ownership could increase property value with the construction of a ADU unit on the vacant portion of the lot with approval by the city. Maintenance is low and all units are separately metered for PG&E providing lower annual expenses. The property is currently 100% occupied and all tenants are paying full rent.Unit 3 has been totally renovated. Unit 4-new kitchen and bathroom in 2020. New roof in 2017. Ability to capture 35% upside in rent upon unit turnover and renovation.Individually metered electric and gas meters reduce overall operating expenses and recent renovations/capital improvements will mitigate operating expenses and future costs to the new owner.
Based on current rates
Est. 6.01% rate · 30yr fixed · $676,480 loan
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3 schools rated nearby
Oakland, CA, 94603
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25 years of records
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Oakland, CA • Alameda County
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