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540 34th Street, Oakland, CA 94609

9 Bed, 4 Bath Multi-Family Home For Sale

540 34th Street, Oakland, CA 94609 House For Sale - MLS #40776954
Sold
$1,390,000
9
4
Multi-Family
4 Family
This listing is courtesy of Zachary Greenwood from Cbre.

Property Description for 540 34th Street, Oakland, CA 94609

4 large units conveniently located on the border of Oakland's amenity rich Temescal district. The asset was built in 1918 and features a unit mix of 3 large 2 BR, 1 BA units (��1,000 - 1,050 SF) and 1 large 3 BR, 1BA unit (��1,334). All units contain own in-unit washer/dryer and gas water heater. All units feature dual pane windows throughout, hardwood floors throughout, crown molding, baseboards and original character throughout. The property is fully parked as each unit has an assigned off-street parking space. Each unit is also individually metered for gas and electric, and submetered for water, leaving very few operating expenses for the owner. Perfect for Investors, 1031 Exchange Buyers and Owner Occupiers, this property will have the potential for quick capitalization on the properties existing income upside potential. With rents that are roughly 19% below market rate, investors will have the potential to increase the NOI by more than 41%.

Interior Details

Exterior Details

0.15 acres
6,350 sq. ft.
Carport; Covered Parking; Off Street Parking; Parking Area; 1 Parking Space/Unit
1

Other Details

40776954
1918
$6,425
Temescal

Units Description

Unit #1
Living Area: 1,000 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $1,944     

Unit #2
Living Area: 1,050 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $2,177     

Unit #3
Living Area: 1,334 sq. ft.      Bedrooms: 3      Full / Half Baths: 1      Rent: $2,304     

Unit #4
Living Area: 1,000 sq. ft.      Bedrooms: 2      Full / Half Baths: 1     

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Town Description

Oakland's original inhabitants, the Huchiun tribe of Ohlone Indians lived here before Spanish explorers arrived in 1772. In 1797, Mission San Jose was built south of Oaklan, its lands extending...

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