128 Catron Dr, Oakland, CA 94603
- $825,000
- List Price
- $825,000
- Price Change
- ▼ $24,999 1773101825
- Status
- ACTIVE
- MLS#
- 41121191
- Year Built
- 1965
- Lot Size
- 5,879
- Acres
- 0.14
- Lot Location
- Back Yard
- Days on Market
- 192
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Brookfield Villg
Property Description
Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.
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Additional Information
- Heat
- Wall Furnace
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Kevin Jacky Hom (kevinhom@compass.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.