128 Catron Dr, Oakland, CA 94603

Beds
6
Sqft
3,038

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Listed byCompass
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Overview

Welcome to this exceptional 4-plex located just minutes away from the bustling Oakland Airport! This well-maintained property is a remarkable investment opportunity, offering low expenses and significant recent capital improvements. Each unit provides comfortable living spaces with modern amenities, ensuring tenant satisfaction and long-term occupancy. The property features a versatile unit mix, catering to a variety of tenant needs with two units delivered vacant. Inside, each unit is designed for functionality and comfort, with spacious layouts that include bright living areas, fully equipped kitchens, and generous bedroom sizes. Financially, this property stands out with an estimated total rental income of $8,350 per month. It boasts a Gross Rent Multiplier (GRM) of 8.98 and a cap rate of 7.24%, making it an attractive option for both investors looking to invest in Oakland's robust housing market or owner-occupants looking to house-hack and reduce housing costs. With its low maintenance costs due to recent upgrades and market rents, this property promises a steady and profitable rental income.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Square feet
3,038
Lot size (acres)
0.14
Year built
1965

Utilities

Heating
Wall Furnace
Sewer
Public Sewer

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41121191 Last checked:

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