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Listed by Ted Chen • Redfin
$1,188,000
Est. payment /mo
2 Beds
1 Bath
3,878 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,878 sqft
Price per Sqft $306
MLS Listing ID BE41118907
Bedrooms 2
Year Built 1951
Lot Size 5,800 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
8811 A Street is a fully remodeled and fully upgraded gated apartment 5-unit property, an exceptional turnkey investment in Oakland offering strong, stable cash flow with minimal long-term maintenance. All five units are 2-bedroom/1-bath and have been completely renovated with new flooring, updated recess lighting, new kitchen cabinets, fresh interior/exterior paint, and upgraded electrical breakers. Major capital improvements include a new roof, New and upgraded Electrical Breaker replacement and wall heater for each unit, and additional system upgrades designed to reduce future expenses. This stabilized asset generates $11,101/month in gross income with near-market rents. Each unit is individually metered, and tenants pay for water, electricity, and gas, providing lower operating costs and predictable NOI. Located near I-880, Coliseum BART, Oakland Airport, and major employment centers, this turnkey gated apartment 5-plex offers a rare combination of high income, strong demand, and low maintenance. Ideal for both new and seasoned investors seeking a reliable Oakland multifamily opportunity.
Location
State CA
County Alameda
Area Oakland Zip Code 94621
Interior
Heating Wall Furnace
Cooling None
Flooring Vinyl, Carpet - Wall to Wall
Exterior
Exterior Feature Other
Parking Features Spaces per Unit - 1, Parking Area
Garage Spaces 5.0
Roof Type Tar and Gravel
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 42-4272-1-2
Special Listing Condition New, Not Applicable
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