10582 Topanga Dr, Oakland, CA 94603
- $900,000
- 12
- BD
- 3,584
- SqFt
Listed by Jatin Mehta, (510) 878-6800 from Kite Hill Real Estate
(If provided) CoList: from
- List Price
- $900,000
- MLS#
- EB41148085
- Status
- ACTIVE
- Sqft. of Residence
- 3,584
- Lot Size
- 5,378
- Listing Area
- Oakland Zip Code 94603
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland's Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate approaching 8% and an 8.47 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 ask
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Additional Information
- Acres
- 0.12
- Cooling System
- Other
- Exterior Features
- Stucco
- Floor Covering
- Wood
- Garage Parking
- Parking Area
- Heating System
- Gas
- Living Area
- 3,584
- Lot Description
- Regular
- Lot Size
- 5,378
- Neighborhood
- Oakland Zip Code 94603
- Numberof Units
- 4
- Roof
- Other
- Unincorporated Yn
- Yes
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