$1,450,000
$1,548,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
498 Stow Avenue Oakland, CA 94606
5 Beds
2,622 SqFt
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,622 sqft
Price per Sqft $553
MLS Listing ID ML81952701
Sold Date 02/16/24
Bedrooms 5
HOA Y/N No
Year Built 1915
Lot Size 4,601 Sqft
Acres 0.11
Property Description
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Location
State CA
County Alameda
Area Listing
Zoning RU-1
Interior
Heating Electric, Space Heater
Cooling Ceiling Fan(s)
Flooring Hardwood
Fireplace No
Exterior
Exterior Feature Back Yard
View Y/N true
View Lake, Other
Building
New Construction No
Schools
School District Oakland (510) 879-8111
Others
Tax ID 0220309001
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Bought with MlsListingsx