Bought with OUT OF AREA OUT • OUT OF AREA - NON MEMBER
$2,225,000
$2,295,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
5445 Broadway Oakland, CA 94618
4,344 SqFt
Key Details
Sold Price $2,225,000
Property Type Commercial
Sub Type Apt Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $512
Subdivision Rockridge
MLS Listing ID 41107823
Year Built 1958
Lot Size 4,000 Sqft
Property Sub-Type Apt Complex
Property Description
We are pleased to present 5445 Broadway, an 8 unit multifamily investment property located in the highly attractive Rockridge neighborhood of North Oakland. The property was built in 1958 and consists of 6 one bedroom units and 2 two bedroom units. Owner has completed many building improvements, reducing the potential capital expenses for the next owner. Building improvements include: polyurethane foam roof, earthquake retrofit, garage security gate, $100,000 in unit upgrades, replaced electrical boxes and deck / handrailing repairs to be complete by Close of Escrow. 5.87% Current Cap (6.59% Market Cap). 10.73 Current GRM (9.91 Market GRM).
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling Other
Flooring Other
Building
Lot Description Level
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