1832 Bridge Avenue

Oakland, CA 94601

$1,675,000
Price
12
Beds
10
Baths
5,408 Sq. Ft.
$310 / Sq. Ft.
5,408
Sq. Ft.
$310
per Sq. Ft.

Description

6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous...6.0% cap rate and 12.55 GRM on current rent. 1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5,408 square feet of living space, and sits on a 9,125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms, and 2.5 bathrooms, with 1,352 square feet of living space. All units are fully remodeled with gorgeous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning, and more. The property is easy to manage and is separately metered for PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.
  1. Listed by David Howarth • DRE #01360348 • The Pinza Group, Inc

Property Details for 1832 Bridge Avenue

City
OAKLAND
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Other
Park Spaces Total
8
Total # Parking Spaces
8

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute
LISTING UPDATED: 04/12/2024 01:18 AM

Property Details for 1832 Bridge Avenue

StatusActive
MLS #41053921
Days on Compass34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1924
Lot Size0.21 AC / 9,125 SF
CountyAlameda County

Location

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348
Add your commute

Building Information for 1832 Bridge Avenue

Stories-Residences4Year Built1924Building Size-Lot Size0.21 AC / 9,125 SF

Payment Calculator

$9,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$409

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1832 Bridge Avenue

Features
Feature Details
  • Flooring: Wood
  • Laundry: Other
Utility Details
  • Cooling: Other
  • Heating: Central
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Playground
Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Other
  • Lot Description: Other
  • Lot Sq Ft Apx: 9125
  • Lot Size Square Feet: 9125.0
  • Roof: Composition
  • Sq Ft Apx: 5408
  • Yard Description: Other
  • Year Built: 1924
  • Acres: 0.21
Location Details
  • Directions to Property: Foothill Blvd Right on Bridge Avee
  • FIPS Code: 06001
  • Parcel Number: 33-2135-46
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: Other
  • Parking Description: Other
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Other
Unit 1 Details
  • Unit #/Address - 1: 1826
  • Occupied By 1: Tenant
  • Bedrooms 1: 3
  • Bathrooms 1: 2.5
  • Parking Spaces 1: 2
  • Apx Sq Ft 1: 1352
Unit 2 Details
  • Unit #/Address - 2: 1828
  • Occupied By 2: Vacant
  • Bedrooms 2: 3
  • Bathrooms 2: 2.5
  • Parking Spaces 2: 2
  • Apx Sq Ft 2: 1352
Unit 3 Details
  • Unit #/Address - 3: 1830
  • Occupied By 3: Tenant
  • Bedrooms 3: 3
  • Bathrooms 3: 2.5
  • Parking Spaces 3: 2
  • Apx Sq Ft 3: 1352
Unit 4 Details
  • Unit #/Address - 4: 1832
  • Occupied By 4: Tenant
  • Bedrooms 4: 3
  • Bathrooms 4: 2.5
  • Parking Spaces 4: 2
  • Apx Sq Ft 4: 1352
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio, Play Area, Storage Area(s), Shower Stall(s)
Additional Information
Additional Information
  • Fireplace: No

Property History for 1832 Bridge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1832 Bridge Avenue

Taxable ValueLand$96,576Additions$133,649Total$230,225
Tax Record2023$4,907 ($409 / month)
Home Facts
Beds3Total Finished SqFt1,352 SqFtAbove Grade Finished SqFt1,352 SqFtStories2Lot Size9,125 SqFtStyleCondominiumYear Built1924Year Renovated1970CountyALAMEDAAPN33-2135-48

Schools near 1832 Bridge Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Global Family School
PublicK to 5

Urban Promise Academy
Public6 to 8

United For Success Academy
Public6 to 8

Fremont High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1832 Bridge Avenue is a multi-family home for sale in Oakland, CA 94601. This property was listed for sale on March 26, 2024 by The Pinza Group, Inc, it's currently listed at $1,675,000. This listing's school district is Oakland Unified School District. Nearby schools include Global Family School, Urban Promise Academy and United For Success Academy. 1832 Bridge Avenue is a 12-bed, 10-bath, 5,408 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Pinza Group, Inc, David Howarth, DRE #01360348

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.