

5476-5486 Vicente Way
5476-5486 Vicente Way, Oakland, CA 94609
Marketing description
This 6-unit property consists of 6 apartments on a 10k SF lot. Perfect for an owner occupant or investor looking to add an A+ asset to their portfolio. Each unit is separately metered for PG&E & EBMUD. The front building consist of two 3 BR/2 BA (bottom unit is brand new) & the back building includes 3 2BR, 1BA, and 1 1BR/BA unit which has the same square footage as the 2 BR units (all are 875 SF). Recent upgrades (carpet/appliances/lighting) in several units. Off street parking. Laundry is also included in the front building for all of the units. Addition of coin laundry offers more upside potential. Highly desirable location 1 block from Claremont Ave & the Temescal Farmers Market, 2 blocks from the new Whole Foods and minutes from all the restaurants & shops along College Ave. Close to UCSF Children's Hospital, Kaiser, 2 BART stations & freeways. Walk/bike score 91/95. This property is 0.8 miles from the Rockridge Bart station. A brand new mixed use commercial building including apartments + Whole Foods is two blocks away. Extremely close to Claremont/Telegraph restaurant/bars
Investment highlights
- Square footage: 6104 SF
- Lot Size: 10,300 SF
- Total Units: 6
- Zoning: RM-4/C
- APN: 014-122801102
- Offering Price: $2,299,999
- Proforma CAP: 7.15%
- Proforma GRM: 10.38
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