2775 E 21st St

Oakland CA 94601

1684 sq. ft.

3029 sq. ft.

Duplex

Currently for sale - view listing

Overview

Fully remodeled 3-unit investment with high cash flow. The current cap rates 6.87% and the current GRM is 9.95%. The property offers three units consisting of two 3bd/2bth units with large basements and one detached studio unit. Currently, all bedrooms are rented individually to maximize cash flow, however the back detached studio unit will be delivered vacant at closing making a perfect set-up for an owner-occupant. All units have been fully remodeled and offer newer kitchens and bathrooms with stainless steel appliances, new cabinets, new fixtures, custom lightning, newer flooring, newer paint, custom tile work, double pane windows, and more. The property is easy to manage, and the units are separately metered for PG&E providing for low future annual expenses. The property has upgraded electrical and plumbing systems and all known maintenance issues have been addressed resulting in a 100% turn-key property for the next investor. The property is located on a quiet cul-de-sac with mostly single-family homes and high pride of ownership. The property offers a great location for tenants and is close to a variety of restaurants and shopping options with easy access to BART, Downtown Oakland, HWY 580 and HWY 880.

Features

1684 sq. ft. floor area

3029 sq. ft. lot size

Duplex

Property history for 2775 E 21st St

2020

Sold

$900,000

28 Jul 2020 by David Howarth, of The Pinza Group, Inc

2017

Sold

Undisclosed

02 Mar 2017 by Kimo Huynh

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