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$ 1,165,000
Est. payment | /mo
3,245 Sqft Lot
$ 1,165,000
Est. payment | /mo
3,245 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Maxwell Park
MLS Listing ID 41098034
HOA Y/N No
Year Built 1923
Lot Size 3,245 Sqft
Property Sub-Type Quadruplex
Property Description
Major Price Improvement – Turnkey 4-Plex in Prime Maxwell Park! Fully rebuilt , this beautifully upgraded fourplex in Oakland's sought-after Maxwell Park offers strong income, modern updates, and minimal maintenance—perfect for investors or 1031 exchange buyers. Each unit has been thoughtfully renovated with laminate flooring, updated kitchens and baths, in-unit laundry, and dual-pane windows. The layout includes two 2-bedroom flats upstairs and two spacious 1-bedroom live/work-style units downstairs. Major systems have been upgraded, including electrical, plumbing, roof, and seismic retrofitting. Tenants enjoy a newly painted exterior, private entrances, and a shared backyard space. Total scheduled income is $81,420/year, with low expenses and NOI of approximately $58,448, offering a 4.68% cap rate. Located on a quiet, tree-lined street near Mills College, the Laurel District, and easy freeway access. Reliable rental history, high tenant demand, and long-term appreciation make this a smart buy. Showings upon accepted offer. Buyer to approve condition within 72 hours. See 3D floor plan under Associated Docs.
Location
State CA
County Alameda
Zoning Comm
Interior
Heating Forced Air, Natural Gas
Flooring Laminate
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 4
Building
Lot Description Back Yard, Sprinklers In Rear
Sewer Public Sewer
Others
Tax ID 3624795
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Listed by Michael Hyles • Re/Max 1st Choice