439 International Boulevard
439 International Boulevard
$1,945,000
12
4.5
5,502
5,502
$354
Sold 12/2/22
Description
5.5% Cap Rate on Current Rents! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents...5.5% Cap Rate on Current Rents! Simply one of the most unique investing opportunities I have seen in Oakland. 439 International is a co-living community organized and managed by OpenDoor a co-living operator that helped to pioneer the co-living concept. In essence individual rooms are leased from $900 to roughly $1,500 per month. There is a common kitchen where individual or communal meals can be cooked and shared. Residents pay a monthly rent and pay a pro-rata share of all utilities. Current rents are over $15,000 per month with potential to increase rents to over $18,000 per month when rooms turnover and the market allows. Co-living fits a very special niche in the tight and costly Bay Area housing market and has attracted many people who enjoy the benefits of communal living. This is a wonderful cash flowing investment for a savvy investor.
- Listed by Daniel Winkler • DRE #01090765 • WINKLER REAL ESTATE GROUP
Property Details for 439 International Boulevard
City
OAKLAND
Dist Neighborhood SubdivOAKLAND
Building TypeTRIPLEX
Property Sub TypeTRIPLEX
Garage Spaces0
Garage/ParkingNo Parking, Off-Street Parking, Parking Area
ViewPartial
Park Spaces Total3
Location
LISTING UPDATED: 12/06/2022 02:00 AM
Property Details for 439 International Boulevard
Status | Sold |
---|---|
MLS # | 40991342 |
Days on Compass | 194 |
Taxes | $17,106 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / TRIPLEX |
Year Built | 1996 |
Lot Size | 0.09 AC / 3,750 SF |
County | Alameda County |
Location
Building Information for 439 International Boulevard
Stories-Residences3Year Built1996Building Size-Lot Size0.09 AC / 3,750 SF
Payment Calculator
$12,040 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 439 International Boulevard
Property History for 439 International Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 439 International Boulevard
Taxable ValueLand$585,000Additions$1,360,000Total$1,945,000
Tax Record2023$28,516 ($2,376 / month)
Home Facts
Total Finished SqFt5,728 SqFtAbove Grade Finished SqFt5,728 SqFtStories3Lot Size3,750 SqFtStyleOffice BuildingYear Built1996CountyALAMEDAAPN20-125-6
Schools near 439 International Boulevard
This home is within Oakland Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
La Escuelita Elementary School PublicK to 8 | ||
Westlake Middle School Public6 to 8 | ||
Oakland High School Public9 to 12 | ||
Francophone Charter School Of Oakland CharterK to 8 |
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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