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About the Listing CCBE-CCWBBQD - CCBE-213502386
Cap Rate - 6.42% (Current) | GRM - 8.83 (Current) | Cap Rate - 8.47% | (Proforma) | GRM - 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.
Listing Highlights for 2244 12th Ave
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Gas Water Heater
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: $23,888
- Taxes w/Assessments: N/A
- Tax/Property ID: 2230115
- Tax Year: N/A
Payment Calculator
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Listing Location
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2244 12th Ave Oakland, CA 94606
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