Oakland, CA 94610,411 Euclid Ave
Oakland, CA 94610,411 Euclid Ave
Oakland, CA 94610,411 Euclid Ave
$5,495,000
Est. payment /mo
Est.Price: ?

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6,098 Sqft Lot
SOLD DATE : 07/12/2021

Key Details

Sold Price $5,495,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Adams Point

MLS Listing ID 40943954

Year Built 1971

Annual Tax Amount $82,086

Lot Size 6,098 Sqft

Property Description

411 Euclid is a 13-unit multifamily building located in the heart of Oakland?s Adams Point neighborhood. Built in 1971, the wood frame and stucco building consists of four stories over garage parking on the ground floor. All of the units are spacious and include two bedrooms and two bathrooms. Several of the units have been renovated to include modern finishes such as: stainless steel appliances, undermount sink, back splashes, new cabinets, wood-style flooring and adding in-unit washer and dryer. These modern finishes have proven a significant upside in rental revenue offering a new investor an estimated 65-percent increase in the net operating income. Market Cap Rate: 6.91% / Market GRM: 10.45

Location

State CA

County Alameda

Interior

Heating Electric

Cooling None

Exterior

View Y/N Yes

View City Lights, Lake

Building

Lot Description Street Level

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California Regional MLS (CRMLS)
Listed by JOSEPH OWENS • MARCUS & MILLICHAP
Bought with NON MEMBER OUT OF AREA • Bay East AOR

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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