748 Clara Street
Oakland, CA 94603
3442 sqft | 0.14 acres | #ML81983710
Description
CASH COW with passive Income, which can be increased by $1000 / month legally and immediately. Tenants are long term , hard working Families, Stabilized income is a haul mark feature of the Property. Located in a GOOD neighborhood and CLOSE to FREEWAYS. New exterior Paint. Additional 5th Unit is Built by previous owner and permits are unknown with 3 Beds and 2 Baths. So its a Fifer- five unit property. Property Manager lives in one of the units and is a Licensed Contractor, takes care of the Maintenance of the Property too. And communicates in Spanish with all the tenants all their mother tongue being Spanish . Very matured and hard working Families who pays in time and well behaved too. New owner if they want , can retain the current Property Manager and easily can manage remotely, which is like a Dream come True for busy people. At a fraction of the per square feet price with the Stabilized Income, this property has inbuilt value with average commute times of 35-45 minutes from Bay Area/ Silicon Valley. Send offers , subject to inspection , contingency. Offers as they come. Please DO NOT Disturb Tenants.
Property Details
- FoundationPillarPostPier
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- MLS #ML81983710
- Property SubtypeQuadruplex
- MLS #ML81983710
- Original List Price$949,000
- Middle SchoolMadison
- CountyAlameda
- Taxes Annual$16,000
- Acres0.1435
- Utility SourcePublic
- Cost949000
- School DistrictOther
- Elementary SchoolOther
- High SchoolOther
- Square Feet3442
- Year Built1964
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sri Gopireddy (#ML137958)
Listing Office: Channel Real Estate Inc (#ML33936)
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