3114 Ashbrook Ct, Oakland, CA 94601 - Berkshire Hathaway HomeServices California Properties

888.995.7575

3114 Ashbrook Ct Oakland, CA 94601

$1,275,000 0 beds, 0 baths
0 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 41131980

List price is $1,275,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1952

0.12 acres

Lot size: 0.1185

Subdivision: FRUITVALE