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3114 Ashbrook Ct Oakland, CA 94601
5,161 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Fruitvale
MLS Listing ID 41131980
HOA Y/N No
Year Built 1952
Lot Size 5,161 Sqft
Property Description
3114 Ashbrook Ct, an 8-unit multifamily property in Oakland's Fruitvale corridor offered at $1,275,000 ($159,375/unit, $305/SF) at a 6.75% current cap rate and 9.44 GRM, with a path to a 10.93% pro forma cap as in-place rents are brought to market. The unit mix consists of (6) 1x1, (1) 2x1, and (1) Studio, with current in-place monthly income of $11,034 versus $16,015 at market — a 45.1% rent upside. Five on-site garage parking spaces and on-site laundry facilities contribute to income, with additional potential from currently unrented storage units. The property sits within walking distance of Fruitvale BART (~0.9 mi) and less than one mile from both I-580 and I-880.
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 5
Building
Lot Description Corner Lot
Others
Tax ID 2676651
Listed by Willem Bos COMPASS #02013980