2543 Humboldt Ave
$ 778,000 $ 798,000 2.5%

2543 Humboldt Ave

Oakland, CA 94601

  • 8 Beds
  • 4 Baths
    Full Baths: 4
  • 3,042 SqFt
  • 0.31 Lot Size
  • 1932 Year Built
Opportunity knocks! Rare opportunity to own amazing 3 houses on a large 13k+ sqft lot with huge potential! Property offers #2543 - 3b 2b with brand new oven range & refrigerator, #2541 - 3b1b with 1 year old oven range & refrigerator, and # 2539 - 2b1b with a brand new oven range & refrigerator. All units have individual water & PG&E meters, tenant pay utilities. Originally built in the 1920s, the property is well maintained, decorated with aromatic roses along the driveway. Carport between houses and plenty of parking spots on the property. All units are currently tenant occupied bringing stable rental income. Cash flow positive w/ $6.4k+ monthly rent, plus more upside to increase! Current cap rate 6.55%, Pro forma cap rate 9.3%. Large lot with plenty of opportunity to tear down or rebuild for better rent! Walk to restaurants & shops, schools, parks, close to 880 and public transport.
Listed by Patrick Smith of Keller Williams Realty

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PROPERTY DETAIL

  • Key Details

    Sold Price $778,000

    Property Type Multi-Family

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 042 sqft

    Price per Sqft $255

    Bedrooms 8

    Full Baths 4

    Year Built 1932

    Lot Size 0.312 Acres

  • Location

    State CA

    County Alameda

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