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Image 1 - 2133 34th Ave, Oakland, California, 94601 - House for sale
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Home For Sale In Oakland, California
2133 34th Ave, Oakland, California, 94601

Home For Sale In Oakland, California

house for sale
Listed: 06/21/24

2133 34th Ave, Oakland, California, 94601

6 Bed:
2,839 Sq Ft Living Area:
Save
Price
$ 1,05M

About This House

Strategically located in Fruitvale District between I-580 andI-880, 213334th Avenue is a rare opportunity to acquire a turnkey 3 unit apartment building in the emerging Oakland Market. The asset features (1) One Bedroom One Bathroom Unit, (1) Two Bedroom One Bathroom Units, and (1) 3 Bedroom One Bathroom Unit., Three covered parking spots, each with one additional tandem uncovered spot totaling 6 parking spots. Unit 2 was remodeled in 2023, and Unit 3 was remodeled in 2022. Potential to add coin operated laundry machines for additional income. Close proximity to mass transit. Offered at an attractive 6.38% CAP Rate/10.89 GRMand Pro Forma CAP Rate 6.75%/10.47 GRM,the complex will immediately provide investors with great cash flow on day one with potential for future upside.

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Fruitvale Housing & Living

Household Income

Median household income: $76,469
Number of households: 165,590
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.