791 Alcatraz
Oakland, California 94609

Closed / MLS #41032451 / Multiple Unit (2-4) / Oakland
Listing information updated 1/30/2024 at 7:42am
Amazing value-add opportunity in North Oakland! A fourplex in the front and a triplex in the back. Property includes 2-Studios, 3-1bd/1ba, and 2-2bd/1ba units. With 3-units delivered vacant and the potential to convert existing studios to Jr. 1-bed or 1-Bed units; a buyer can renovate and rent to achieve a stabilized 9.3% CAP and 12.8% cash on cash return. Market CAP 13.6% and 23.5% cash on cash return. A short walk to Ashby Bart and Berkeley Bowl, don't miss out on this high cash flow asset.

Listing Office: MARTINI COMPANY REAL ESTATE

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791 Alcatraz, Oakland, CA 94609 is a multiple unit (2-4) which sold for $835,000. This multiple unit (2-4) has been listed on Christie's International Real Estate Sereno since July 7th, 2023 and was built in 1918.