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498 Stow AVE Oakland, CA 94606
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,622 sqft
Price per Sqft $553
MLS Listing ID ML81952701
Year Built 1915
Annual Tax Amount $20,000
Lot Size 4,599 Sqft
Property Description
Boasting an annual income of over $110,000 and a cap rate of more than 5% on the current rent, this investment opportunity is unparalleled. Owner occupancy financing is also available with as little as 5% down. This distinguished 1915 Edwardian-style triplex, featuring a captivating bonus unit, combines classic elegance and modern appeal. Situated just two blocks from the serene Lake Merritt, this property presents an enticing investment prospect in the coveted lower Haddon Hill neighborhood. Residents enjoy the tranquility of lakeside living while being close to the vibrant Lakeshore/Grand district, making it a prime choice for investors seeking lucrative returns. It seamlessly blends historic charm with the allure of Lake Merritt living and the vibrant Lakeshore/Grand district. Each unit promises substantial rental income and capital appreciation, making it a compelling proposition for astute investors.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RU-1/S-12
Interior
Heating Electric, Fireplace(s), Space Heater
Flooring Wood
Exterior
Parking Features Electric Vehicle Charging Station(s)
View Y/N Yes
View Lake
Roof Type Composition
Building
Story 2
Water Public
Schools
School District Other
Others
Special Listing Condition Standard
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Bought with Phillip Minnick