1106 4th Ave
Oakland, CA 94606
- – beds
- – baths
- – sqft
- 4,000 sqft lot
- 1912 build
- – on site
More homes
1106 4th Ave is a 6-unit apartment building located in the highly sought after Merritt Oakland Location. The building consists of (5) spacious two bedroom, one bath units, (1) one bedroom, one bath units. There is one unit vacant allowing for new owner to rent at market. The property offers low overhead expenses with separate meters for gas & electric and water. Priced to sell at a 6.74% Cap Rate and 8.9 GRM. The property offers Day 1 cash flow and over 5.18% Total Return on Investment. The property provides great cash flow day 1 even with rents 41% below market. This provides investors room to grow rents to a pro forma cap rate of 11.30% or a 6.3 GRM. The thriving Oakland community experiences a growing demand for quality housing, positioning this property as a valuable assets in a market poised for expansion. Seize the moment at 1106 4th Ave and elevate your investment portfolio.
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Last updated Feb 11, 2025
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MLS# 41059511 —
The Building
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Year Built:1912
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Construction Materials:Vinyl Siding
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Total Number Of Units:6
Location
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Directions:1699 Van Ness Ave Cross Street: E 11th St.
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Latitude:37.79505000
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Longitude:-122.25625500
The Property
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Property Type:Residential Income
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Lot Features:Corner Lot
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Lot Size Area:4000.0000
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Lot Size Acres:0.0918
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Lot Size SqFt:4000.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:N
Heating & Cooling
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Heating:1
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Heating:See Remarks
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Cooling:Yes
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Cooling:See Remarks
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/5/24
Jul 5, 2024
|
Sold | CRMLS_CA | $900,000 | -2.7% |
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5/27/24
May 27, 2024
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Pending | CRMLS_CA | $925,000 | |
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5/13/24
May 13, 2024
|
Listed / Active | CRMLS_CA | $925,000 |
