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Listed by Coldwell Banker Envision
$ 900,000
Est. payment | /mo
3,584 SqFt
$ 900,000
Est. payment | /mo
3,584 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $251
Subdivision Sobrante Park
MLS Listing ID 41148085
HOA Y/N No
Year Built 1965
Lot Size 5,378 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland's Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate above 7.5% and an 8.76 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 asking price, 10582 Topanga Dr offers investors a compelling combination of cash flow and value in the Oakland multifamily market.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling Other
Flooring Wood
Fireplace No
Laundry Washer/Dryer Stacked Incl
Building
Lot Description Rectangular Lot, Paved
Water Public
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