Oakland
2709 Ivy Drive
at 8th Ave near Park Blvd
$1,400,000
Don’t miss this great investment in the hot Ivy Hill neighborhood. 12 corner units with hardwood floors, vintage details, and tiled baths. Situated on the hill allows many units to have views with some to downtown. There is a garage for 3-4 cars. PRINT
The units are individually metered. The owner provides steam heat, water and garbage.
The building is wood framed with stucco exterior detailed in a Tudor style. There are a lot of wonderful old world architectural details inside and out. The rear units have nice views with some to the downtown skyline. New common area interior paint. Newer exterior paint, boiler, circuit breakers, and roof.
With some units at low rents and a neighborhood that continues to become more desirable, this building is a great opportunity for upside and future appreciation.
- Primary type: Multifamily
- Number of units: 13
- Building size: 9,022 Sq.Ft.
- Lot size: 0.14 Acres
- Price per square foot: $159
- Price per unit: $110,769
- GRM: 10.04
- Year Built: 1930 Approx
- Gross Income: $134,393
- Hardwood floors
- 13th unit is non-conforming
- Newer boiler
- Newly painted interior
- Nice built-ins and wood trim
- Recently painted exterior
- Picture slide
RENT ROLL |
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Unit |
Mix |
Current |
Projected |
||
| 1. | Kimberly Sugrue | 1/1 | $880.12 | $1,000.00 | |
| 2. | T. Ono / P. Camacho | 1/1 | $697.93 | $1,000.00 | |
| 3. | William Horn | 1/1 | $874.10 | $1,000.00 | |
| 4. | Crew/Favella | 1/1 | $950.00 | $1,000.00 | |
| 5. | James Copes | 1/1 | $936.0 | $1,000.00 | |
| 6. | Blanca Alers | 1/1 | $955.53 | $1,000.00 | |
| 7. | Brian Williams | 1/1 | $955.05 | $1,000.00 | |
| 8. | Harold Jefferson, Manager | 1/1 | $455.00 | $1,000.00 | |
| 9. | C. Bongiorno | 1/1 | $821.23 | $1,000.00 | |
| 10. | Olkwski | 1/1 | $955.53 | $1,000.00 | |
| 11. | M. Monterrosa | 1/1 | $980.40 | $1,000.00 | |
| 12. | Kimberly Burroughs | 1/ | $920.00 | $1,000.00 | |
| 12A. | Joshua Libby | 1/1 Illegal | $758.52 | $900.00 | |
| Laundry | $60.00 | $100.00 | |||
Total Monthly Income: |
$11,199.41 | $13,000.00 | |||
Annual: |
$134,393.00 | $156,000.00 | |||
EXPENSES
- Telephone/entry/intercom $216.00
- Scavenger 2,666.00
- Electricity 667.00
- Water 2,565.00
- Gas 13,229.00
- Exterminating 270.00
- Apt Tax/license/permit 1,773.00
- Resident manager 5,460.00
Total: $26,846.00
* figures above have been annualized based on actual expenses from Jan 1, 2008-Sep 20, 2008
**Does not include insurance, professional management or real property taxes
For more information or to make an appointment please call JEFF ANCKER
415.699.7714 Cell |
415561.9747 Voice Mail
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