3114 Ashbrook Ct, Oakland, CA 94601
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3114 Ashbrook Ct, Oakland, CA 94601
3114 Ashbrook Ct, Oakland, CA 94601
3114 Ashbrook Ct, Oakland, CA 94601
3114 Ashbrook Ct, Oakland, CA 94601
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Listed by Willem Bos • COMPASS
$ 1,275,000
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3114 Ashbrook Ct Oakland, CA 94601

4,178 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,178 sqft

Price per Sqft $305

Subdivision Fruitvale

MLS Listing ID 41131980

HOA Y/N No

Year Built 1952

Lot Size 5,160 Sqft

Property Sub-Type 5 or More Units

Source Bridge AOR

Property Description

3114 Ashbrook Ct, an 8-unit multifamily property in Oakland's Fruitvale corridor offered at $1,275,000 ($159,375/unit, $305/SF) at a 6.75% current cap rate and 9.44 GRM, with a path to a 10.93% pro forma cap as in-place rents are brought to market. The unit mix consists of (6) 1x1, (1) 2x1, and (1) Studio, with current in-place monthly income of $11,034 versus $16,015 at market — a 45.1% rent upside. Five on-site garage parking spaces and on-site laundry facilities contribute to income, with additional potential from currently unrented storage units. The property sits within walking distance of Fruitvale BART (~0.9 mi) and less than one mile from both I-580 and I-880.

Location

State CA

County Alameda

Interior

Heating Electric

Cooling None

Flooring Laminate

Fireplace No

Exterior

Handicap Access Other

Building

Lot Description Corner Lot

Others

Special Listing Condition Standard


Bay East Association of Realtors

Nearby School & Business

Theresa Solon

Theresa Solon

REALTOR | CA DRE# 01436657

+1(707) 334-9186

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