Oakland, CA 94603,128 Catron Dr
Oakland, CA 94603,128 Catron Dr
Oakland, CA 94603,128 Catron Dr
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$849,999
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5,880 Sqft Lot
Open 1/17 2PM-4PM

128 Catron Dr Oakland, CA 94603

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Open House

Sat Jan 17, 2:00pm - 4:00pm

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Brookfield Villg

MLS Listing ID 41121191

HOA Y/N No

Year Built 1965

Lot Size 5,880 Sqft

Property Sub-Type Quadruplex

Property Description

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

State CA

County Alameda

Interior

Heating Wall Furnace

Flooring Laminate, Tile, Vinyl

Fireplace No

Exterior

Parking Features On Street

Total Parking Spaces 8

Building

Lot Description Back Yard

Sewer Public Sewer

Others

Tax ID 455419422

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan


CRMLS – RECore
Listed by Kevin Jacky Hom Compass

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Shauna Hernandez

Shauna Hernandez

Agent | License ID: 02226599

+1(805) 668-4865

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128 Catron Dr