9520 Olive St, Oakland, CA

Fully remodeled 4-unit apartment complex with strong current income and excellent rental upside. 8.45% current cap rate and 12.23% proforma cap rate. 9.04 current GRM and 6.64 proforma GRM. The property offers an ideal unit mix of one 3bd/2bth unit, one 3bd/1bth unit, and two 2bd/1bth units. Currently, the top floor 3bd/2bth will be delivered vacant at closing is and perfect for an owner-occupant or investor seeking high market rates. The property was originally built in 1964, offers approximately 3,535 square feet of living space, and sits on 5,000 square foot lot with four parking spaces and a spacious backyard. The units have been extensively remodeled with new kitchens, new bathrooms, new wood flooring, custom tile, a new roof, double pane windows, new paint, granite counter tops, and more. The property is easy to manage and separately metered for water and PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in a turn-key investment for the next owner. This is a perfect opportunity for an investor to acquire a high cash flow property with excellent long-term potential. Schedule a Private Showing