3142 Coolidge Ave, Oakland, CA 94602

Keller Williams is Pleased to Be Retained as the Exclusive Broker for the 3142 Coolidge Avenue Apartments. The Subject Property is Located in the School Neighborhood of Oakland, Ca. Built in Two Phases 1904 and 1993, the 3142 Coolidge Avenue Apartments is Located Just Off of Interstate 580 and Fruitvale Avenue. The Property Consists of Two (2) Buildings. The Older Building is a Craftsman Duplex and the Newer is a Fourplex. Both Buildings Are Built of Wood Frame Construction With Wood Siding and a Mix of Vinyl and Aluminum Windows. Significant Structural Improvements Were Made to the Older Building Over the Summer of 2022. The Buildings Contain Approximately 5,997 Square Feet of Livable Space Set on a Lot of Approximately 9,240 Square Feet.

The Buildings Consist of Six (6) Units. There Are Five (5) Three Bedroom One Bath Units, of Approximately 850 Square Feet. The Last Unit is a Five Bedroom Two Bath Unit of Approx. 1,547 Square Feet. This Unit Features the Bottom Two Floors of the Duplex. All of the Kitchens Feature Formica Countertops and Laminate Flooring. Living Spaces Feature New Plank Flooring Throughout Both Buildings. All of the Bathrooms Contain Bathtubs With Tiled Surrounds With Showers, Vanities and Laminate Flooring. Heat to the Duplex is Provided via Gas Wall Heaters. Heat to the Fourplex is Provided via Electric Wall Heaters. All of the Units Are Separately Metered for Gas and Electricity. Each Unit Contains a Separate Hot Water Heater. All Units Feature in-unit Washer and Dryers hook-ups. On-site Parking is Assigned to Each Unit. Street Parking is Also Readily Available.

The 3142 Coolidge Avenue Apartments Offer Investors the Opportunity to Acquire a Well Situated Property With Substantial Upside. the Property is Exempt From Oakland’s Rent Control Ordinance as It Has a Certificate of Occupancy From 1993. This Property Offers 14.53% Upside in Rents. the Front Building Presents an Excellent Owner Occupy Opportunity. Cash on Cash Day One Return of 12.83%. Total Return of Over 189%. Investors Can Purchase This Property With Little Deferred Maintenance and 100% Occupancy