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Property view

740 Alcatraz Ave, 
Oakland, CA 94609

$1,100,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Sold

Listed by

Willem Bos

Bought with COMPASS

Compass

, 

Western Realty

415-660-9955

MLS#

41068194

Source:

CRMLS

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About This Home

740 Alcatraz Ave

This 5-unit apartment building at 740 Alcatraz Ave is a unique investment opportunity in the tenant-friendly South Berkeley boarder. The property consists of 5 well-maintained units: 3 - studios, 1 - one bedroom, 1 - spacious two-bedroom, and 6 private garages. Three units have been tastefully renovated, and the building offers tenants on-site coin-op laundry and ample storage space in the basement. The six private garages in a separate structure on the back of the property provide a new investor with over $14,000 additional annual income with room to grow. With its separate gas and electricity meters and convenient location, the building is a stable investment for any investor. It offers easy access to the CA-24 freeway and is within walking distance of Ashby BART. This well-maintained building is priced to sell at only $250k per unit and gives investors an achievable rental upside in a currently stable building.

Home Facts

Multi-Family

Built in 1910

Price Summary

1,175,000

MLS #:

41068194

Sold:

January 22, 2025

Structure

Structure

Year Built:

1910

Lot

Lot Size (Sq. Ft):

5,998

Finances & Disclosures

Finances

Price:

$1,175,000

Source:CRMLS
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