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AN INVESTOR'S DREAM | 100% VACANT FOURPLEX & SEPARATELY METERED
$1,045,000
865 29th Street, West Oakland
Presented by
Giuseppe Zumbo
Giuseppe Zumbo
About This Home
Here's your opportunity to take control from day one! This Fourplex is 100% vacant, giving you the freedom and flexibility to establish market-rate rents immediately, select your own tenants, and maximize the property's income potential. Adding even more value, each unit is separately metered for water, gas, and electricity including a 5th common-area meter, allowing utility consumption to be measured and billed individually to tenants, helping reduce operating expenses and improve your bottom line. Unit mix consists of three 1Bd/Ba units and one 2Bd/1Ba unit, with each residence approximately (±) 955+/-SqFt of living space, complete with a formal dining room and separate living room. Additional amenities include four individual garages, four private storage spaces, and a coin-operated community laundry room, providing added convenience and potential supplemental income. Low-Maintenance grounds, much of the property is surrounded by concrete, significantly reducing gardening expenses. So, the numbers speak for themselves, with projected annual gross income at (±) $120,804, (±) 9.2% CAP Ratio, (±) 8.2 GRM $273/per SqFt.
It's an investment designed with operational efficiency and income potential in mind. Start fresh, capture today's market rents, maximize cash flow, and build long-term generational wealth.
It's an investment designed with operational efficiency and income potential in mind. Start fresh, capture today's market rents, maximize cash flow, and build long-term generational wealth.
Property Details
Bedrooms
5
Bathrooms
4
Square Footage
3,820 sq ft
Neighborhood
West Oakland, Oakland
Garages
4
Storage units
4
Water meters
4
Gas meters
4
Electric meters
5
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Floor Plan
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Explore the Neighborhood
West Oakland represents a pivotal neighborhood in Oakland's urban landscape, with a complex history that reflects the city's most significant economic and cultural transformations. The area's historical significance is deeply rooted in its role as a critical transportation and industrial hub, shaped by the expansion of railroads and maritime industries in the late 19th and early 20th centuries.
Transportation defines the neighborhood's connectivity, with multiple AC Transit lines providing extensive local service. The West Oakland BART Station offers critical regional transportation, connecting residents directly to San Francisco, Berkeley, and other Bay Area destinations. Additionally, the neighborhood's proximity to major highways, including I-80 and I-880, provides exceptional vehicular access.
Mandela Parkway serves as the neighborhood's primary commercial corridor, offering a diverse range of dining, shopping, and essential services. The area has undergone significant revitalization, transforming former industrial spaces into mixed-use developments that blend historical architecture with contemporary urban design. Significant community spaces like the Raimondi Park and the West Oakland Library provide critical anchors for local community life.
What distinguishes West Oakland is its remarkable resilience and ongoing urban transformation. From its critical role in the Great Migration to its current status as a hub of cultural diversity and artistic innovation, the neighborhood represents a distinctive urban experience that captures the complexity of Oakland's historical and contemporary identity. Direct access to transportation, rich cultural heritage, and a commitment to community renewal define West Oakland as a unique residential environment.
Transportation defines the neighborhood's connectivity, with multiple AC Transit lines providing extensive local service. The West Oakland BART Station offers critical regional transportation, connecting residents directly to San Francisco, Berkeley, and other Bay Area destinations. Additionally, the neighborhood's proximity to major highways, including I-80 and I-880, provides exceptional vehicular access.
Mandela Parkway serves as the neighborhood's primary commercial corridor, offering a diverse range of dining, shopping, and essential services. The area has undergone significant revitalization, transforming former industrial spaces into mixed-use developments that blend historical architecture with contemporary urban design. Significant community spaces like the Raimondi Park and the West Oakland Library provide critical anchors for local community life.
What distinguishes West Oakland is its remarkable resilience and ongoing urban transformation. From its critical role in the Great Migration to its current status as a hub of cultural diversity and artistic innovation, the neighborhood represents a distinctive urban experience that captures the complexity of Oakland's historical and contemporary identity. Direct access to transportation, rich cultural heritage, and a commitment to community renewal define West Oakland as a unique residential environment.
Giuseppe Zumbo
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Giuseppe Zumbo