Description

Turnkey 5-Unit Investment Property – Offered at $1.088M Fully renovated gated apartment with on-site parking, situated on a 5,793 SF lot with approximately 3,878 SF of living space. Exceptional opportunity to acquire a well-maintained 5-unit apartment building featuring spacious 2-bedroom / 1-bath units, thoughtfully upgraded for modern living and long-term performance. This income-producing property has undergone extensive recent improvements, including a new roof, updated electrical panels and breakers, upgraded heating systems, fresh interior and exterior paint, new flooring throughout, modern kitchen cabinets and countertops, updated bathrooms, and new lighting fixtures and window coverings. Each unit offers a bright, clean, and functional layout, appealing to today’s renters seeking comfort and convenience. All units have separate electrical, gas, and water meters, presenting excellent potential for a future condo conversion (subdivide and resell each unit individually for strong profit upside). The property generates strong rental income of over $10,000/month gross, offering excellent cash flow with high cap rate potential. Major system upgrades have already been completed, resulting in a low-maintenance, turnkey investment with no immediate rehab required. Additional features include gated entry for privacy and security, on-site parking, a quiet and well-maintained setting, and a front garden area that enhances tenant appeal. Non-Soft-Story-Building-Certified and Approved by the City of Oakland Ideal for both cash flow investors and 1031 exchange buyers seeking a stabilized asset in a strong rental market. Actual rent roll and pro forma available upon request. Offers reviewed as received.