The current cap rate is 7.18% and the current GRM is 9.46. 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, countertops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently there are two vacant units making this perfect for an owner-occupant or an investor looking to lease at a top market rate.

• 7-unit Apartment Complex Featuring Three 2bd/1bth Units and Four 1bd/1bth Units with Strong Current Income and Excellent Rental Upside
• Remodeled Units with Newer Kitchens, Bathrooms, Paint, Wood Floors, Double Pane Windows, a Newer Roof, and More
• Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
• Attractive Location Near Lake Merritt, BART, Restaurants, Coffee Shops, and Shopping Options