1218 13Th Ave Oakland, CA 94606

For patient investors seeking 10% CAP opportunities, sit up and take notice of Oakland's 1218 13th avenue. Located in the restaurant-laden, walker-friendly (93 Walk Score and a 94 Bike Score) neighborhood of East Peralta, this is a 10-unit property split between two fourplexes (each is a 2X 1BR/1BA, 2X 2BR/1BA layout) and a single duplex (two, 3BR/1BA). Close to Laney College, Lake Merritt, the Oakland Estuary, BART, and Interstate-880, the position of this property is sure to make it a popular choice among future renters, who will no doubt be happy to pay the market rents of $2,050 per unit (nearly 40% more than the current per unit rents of $1,275). Eight of the ten units are individually metered for water, gas, and electricity making it easy for the new owners to pass on utility costs. No onsite parking but ample street parking is available. Current owners of 1218 13th avenue are asking for $150,000 per door.