Description
7402 Lockwood St is a 10-unit multifamily investment opportunity located in Oakland, California. Built-in 1962, the 7,342 square foot property consists of ten 2 bedroom/1 bathroom units in a two-story building of wood frame and stucco construction. Each unit is individually metered for PG&E and features private entries and gas wall heaters. Additional features of the property include coin-operated on-site laundry and off-street parking. Current ownership has done some renovations to the property including a Brand new roof, fresh exterior paint, and renovation of units as they become vacant. In all, the property provides a new investor with day one cash flow with additional rental upside with the turnover and renovation of vacant units.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
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7,340SQFT
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$242$/SQFT
School Ratings & Info
Description
7402 Lockwood St is a 10-unit multifamily investment opportunity located in Oakland, California. Built-in 1962, the 7,342 square foot property consists of ten 2 bedroom/1 bathroom units in a two-story building of wood frame and stucco construction. Each unit is individually metered for PG&E and features private entries and gas wall heaters. Additional features of the property include coin-operated on-site laundry and off-street parking. Current ownership has done some renovations to the property including a Brand new roof, fresh exterior paint, and renovation of units as they become vacant. In all, the property provides a new investor with day one cash flow with additional rental upside with the turnover and renovation of vacant units.
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Listing courtesy of Monjid Aldiyyat of Berkshire Hathaway Home Svcs: [IDXCONTACTINFORMATION].