Welcome to an outstanding investment opportunity: a lucrative 6-unit property consisting of two structures, strategically situated in the Oak Center neighborhood of West Oakland. Positioned on a corner lot, this property boasts impressive performance with a CAP rate exceeding 8.5%. Each unit is equipped with individual PGandE meters, offering convenience and efficiency for both landlord and tenants. Noteworthy is the exemption from soft-story retrofit requirements and the sewer lateral compliance in accordance with the City of Oakland's regulations.
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The average household income in
Oakland, CA
grew
from
$70,577
to
$76,469
in the past year. This data is an estimate based upon
165,590
households in
Oakland, CA. The chart below presents how household income is distributed in
Oakland, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Oakland, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Oakland, CA
equals
$3k+
, which is
more
than the national average.