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In-PersonVirtual Tour
$1,200,000
Est. payment /mo
5,000 Sqft Lot
Open House
Tue Aug 18, 3:00pm - 5:00pm
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Oakland
MLS Listing ID 41142008
HOA Y/N No
Year Built 1926
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 74 Pearl Street presents an outstanding opportunity to acquire a fourplex in Oakland's desirable Harrison neighborhood, just minutes from Adams Point, Lake Merritt, Downtown Oakland, and major commuter routes. Surrounded by restaurants, cafés, shopping, and public transportation, the property enjoys a prime location in one of Oakland's most sought-after rental markets. The property consists of four spacious 1-bedroom, 1-bathroom units totaling over 3,200 square feet on a 5,000 square foot lot. Three of the four units have been extensively renovated with new sheetrock, flooring, ceilings, electrical, plumbing, modern kitchens, and beautifully updated bathrooms. Bright, sun-filled interiors, updated finishes, and large floor plans continue to attract quality tenants. Currently 100% occupied, the property offers immediate cash flow at an attractive 6.00% cap rate and 10.77 GRM, making it an excellent opportunity for both owner-occupants and first-time or seasoned investors. Additional features include in-unit washer/dryers, separately metered PG&E paid by tenants, secure gated rear parking with an electronic security gate, and two Tuff Sheds configured into four private storage rooms—one for each unit. With strong in-place income, quality renovations, and an exceptional location, 74 Pearl Street represents outstanding value in today's multifamily market.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling See Remarks
Flooring Wood
Fireplace No
Exterior
Parking Features Garage
Total Parking Spaces 4
Others
Tax ID 108099
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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Listed by Jatin Mehta Kite Hill Real Estate #02045713
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