$1,425,000 6106 Hilton St Oakland, CA

MLS: 40802846   Type: Multi-Family   County: Alameda   City: Oakland   Area: Oakland Zip Code 94605   Zip: 94605   Style: Apt Complex     Taxes: $9,831

Mortgage $6,690 /mo



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Great investment find! Located between the Fairfax & Bancroft Business District of Oakland with easy access to the freeway. This building has 8 units, all of which are 2 beds/ 1 bath. The compound is gated and each unit has an assigned carport. Property has in-complex laundry facility and storage units offering an income upside. With in-place rental income that is approximately 45% below market rate there is potential to nearly double the net operating income by stabilizing the asset over the long term. Seller is also selling building next door (6108 Hilton St) and would prefer to sell the properties combined.

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Price History

11/3/2017 Listed $1,600,000
12/20/2017 5% - $1,525,000
1/11/2018 7% - $1,425,000

Age 53
All Units Have Oven Range Built-In, Refrigerator
Annual Exp Yr 0
Annual Rent Inc 0
Cap Rate 4
Listing Area Oakland Zip Code 94605
Listing Status Active
Misc. Additional Features Extra Storage, Garden, Play Area
Status Active
Total Deposits 0

Interior Features

Basement None
Cooling Other
Flooring Laminate, Linoleum, Partial Carpeting, Tile, Vinyl
Heating Wall Furnace
Laundry Coin Operated, Community Facility, Laundry Equip - Owned
Total Number of Units 8
Unit # 1 # Of Bathrooms 1
Unit # 1 # Of Bedrooms 2
Unit # 1 Approx. Sqft 875
Unit # 1 Dining Room Yes
Unit # 1 Fireplace No
Unit # 1 Range Oven Yes
Unit # 1 Refrigerator Yes
Unit 1 # Units This Type? 8

Exterior Features

Apx Lot Sq Ft 11400
Building Type Apt Complex
Exterior Stucco
Lot Description Regular
Lot Size Area 0.26
Parking Carport - 1, Covered Parking, Space Per Unit - 1
Roof Unknown
Separate Meters Electric, Gas
Total # of Parking Spaces 8
Unit # 1 Parking Spaces 1
View Other
Water/Sewer Water - Public

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Gallery (9 photos)

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Property vs Zip Code Avg (94605)

Price 1.42M Avg 1.42M

Sqr Feet 7,280 Avg 6,764

Cost / Sqr Ft $196 Avg $211

Taxes $9,831 Avg $9,973

Acres 0.26 Avg 0.27

Visits 18 Avg 15

Days on Site 76 Avg 76

Walkscore® 77 Avg 77

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Listing Provided Courtesy Of: Sheila Zarekari with Keller Williams Realty.

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