- 5-Unit Apartment Complex Featuring One Two-story
3bd/2bth Unit and Four 2bd/1bth Units with Strong
Current Cash Flow and Excellent Upside

- Vacant 2bd/1bth Unit - Perfect for an Owner-Occupant

- Easy to Manage, Low Maintenance, Turn-Key Property, Separately Metered For PG&E with Low Annual
Operating Expenses

- Remodeled Units with Upgraded Kitchens, Bathrooms,
Custom Fixtures, Wood Floors, and More

- Off-Street Parking, On-Site Laundry, and Backyard Area

5-unit apartment complex in a great neighborhood up the Oakland Hills with strong current income and excellent rental upside. The current cap rate is 6.73% and the current GRM is 10.5. The property offers one very large two-story 3bd/2bth unit and four spacious 2bd/1bth units including one unit that will be delivered vacant at closing. The property was originally built in 1965, offers approximately 4,595 square feet of rental space, and sits on a 7,300 square foot lot with a large garage and off-street parking. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The current owner self-manages the property and has remodeled many of the units with newer kitchens, bathrooms, wood flooring, newer carpet, custom lighting, fixtures, and more. The roof was redone several years ago and the electrical and plumbing have been upgraded over time. This is a perfect opportunity for an investor to acquire a turn-key property with excellent upside around the corner from the popular Redwood Day K-8 School. The neighborhood is quiet and comprises nice single-family homes with pride of ownership.