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Listed by Marco Barretto Compass
$ 725,000
Est. payment | /mo
8 Beds
4 Baths
3,718 SqFt
$ 725,000
Est. payment | /mo
8 Beds
4 Baths
3,718 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,718 sqft
Price per Sqft $194
MLS Listing ID 425090988
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1935
Lot Size 6,000 Sqft
Acres 0.1377
Property Sub-Type Quadruplex
Property Description
Discover a great value add opportunity at 5400 Princeton Street, a rare four unit property on a prominent corner lot in Oakland. The property includes two separate duplexes on one lot. Each unit has spacious two bedroom, one bath layouts that offer steady cash flow today and strong appreciation potential over time. One unit has been fully remodeled with new flooring, new bathroom, a brand new kitchen, new windows, and fresh interior paint. It is ready to be leased at a true market rent. Both buildings also have new exterior paint. The other three units are occupied by long time tenants on month to month agreements and are paying well below market rent, creating significant upside for a new owner. These units will need some TLC, but that is where the opportunity really is. This is one of the best valued fourplex values in the area. Properties at this price point are extremely hard to find. With new ownership and strategic management, 5400 Princeton Street has tremendous potential for any investor. Reach out for more information on special financing.
Location
State CA
County Alameda
Area Oakland Zip 94601
Interior
Fireplace No
Appliance Gas Cooktop, Microwave
Exterior
Total Parking Spaces 2
Building
Lot Description Corner Lot
Story 2
Level or Stories Two
New Construction No
Others
Tax ID 35239217
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Fatemah Nikchehi (nik-chee)
Broker Associate | Lic# 01703928