Oakland, CA 94603,633 Clara Street
Oakland, CA 94603,633 Clara Street
Oakland, CA 94603,633 Clara Street
Oakland, CA 94603,633 Clara Street
Oakland, CA 94603,633 Clara Street
Oakland, CA 94603,633 Clara Street
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$810,000

$810,000

Est.Price: ?

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Est. payment /mo

6,638 Sqft Lot


SOLD DATE : 09/08/2021

Key Details

Sold Price $810,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40932895

Sold Date 09/08/21

HOA Y/N No

Year Built 1963

Lot Size 6,638 Sqft

Property Description

633 Clara Street in Oakland presents an excellent opportunity for an investor or owner-occupant to purchase a four-unit apartment building with tremendous upside in future income. Built in 1963, the 3,234 square foot property offers four (4) Two-Bedroom/One-Bath units and sits on an oversized 6,640 square foot lot. New ownership could increase property value with the construction of a ADU unit on the vacant portion of the lot with approval by the city. Maintenance is low and all units are separately metered for PG&E providing lower annual expenses. The property is currently 100% occupied and all tenants are paying full rent.Unit 3 has been totally renovated. Unit 4-new kitchen and bathroom in 2020. New roof in 2017. Ability to capture 35% upside in rent upon unit turnover and renovation.Individually metered electric and gas meters reduce overall operating expenses and recent renovations/capital improvements will mitigate operating expenses and future costs to the new owner.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Fireplace No

Exterior

Utilities Available Sewer Not Available

Total Parking Spaces 4

Building

Lot Description Back Yard

Sewer None

Others

Tax ID 4450156

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California Regional MLS (CRMLS)
Listed by Eric Keena • BHHS Drysdale Properties
Bought with Konstantin Safris • Simple Real Estate
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan 

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

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