$5,495,000
$5,495,000
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6,098 Sqft Lot
SOLD DATE : 07/12/2021
Key Details
Sold Price $5,495,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Adams Point
MLS Listing ID 40943954
Sold Date 07/12/21
HOA Y/N No
Year Built 1971
Annual Tax Amount $82,086
Lot Size 6,098 Sqft
Property Description
411 Euclid is a 13-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1971, the wood frame and stucco building consists of four stories over garage parking on the ground floor. All of the units are spacious and include two bedrooms and two bathrooms. Several of the units have been renovated to include modern finishes such as: stainless steel appliances, undermount sink, back splashes, new cabinets, wood-style flooring and adding in-unit washer and dryer. These modern finishes have proven a significant upside in rental revenue offering a new investor an estimated 65-percent increase in the net operating income. Market Cap Rate: 6.91% / Market GRM: 10.45
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
View Y/N Yes
View City Lights, Lake
Building
Lot Description Street Level
Others
Tax ID 107794
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Bought with NON MEMBER OUT OF AREA • Bay East AOR