Kite Hill Real Estate - East Bay Investment Experts

Sold
283 Park View Ter Oakland, CA 94610
Sold Price $1,950,000
List Price $1,800,000
beds
0 baths
3,901 sq ft

Courtesy of Joey Wang, KELLER WILLIAMS REALTY.

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Jatin Mehta

Jatin Mehta

Broker

LIC#02045713

Property Description

With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled with desirable new tenants. For those looking to occupy as well as own, know that one of the units (a top-floor, 1BR) will be delivered vacant at close. It bears mentioning that—from a structural standpoint—the foundation, plumbing, and electrical are all relatively new, which means the new owners will not be required to expend additional dollars on costly modernization projects.

Property Details & Features

Property Type

  • Fourplex

Year Built

  • 1907

Basement

  • Separate Entry
  • Storage Area

House

  • Building type: FOURPLEX
  • $4 total units
  • Built in 1907
  • $3,901 building square feet

Cooling

  • No Air Conditioning

Exterior Features

  • Wood Frame
  • Wood Siding

Floors

  • Hardwood Floors
  • Tile
  • Vinyl

Water

  • Sewer System – Public

Heating

  • Forced Air 1 Zone

Laundry

  • Common Room
  • Dryer
  • In Closet
  • Washer
  • Washer/Dryer Hookups

Listing

  • Listed on 2021-09-09
  • Sale/rent: For Sale
  • Status: Sold
  • $461 per square foot
  • Total deposits: 0
  • Month to Month
  • Written Agreement

Location

  • Area: Oakland Zip Code 94610
  • Cross street: Grand Ave
  • Directions to property: On Grand Ave, turn right onto Park View Terrace.
  • County: Alameda

Lot

  • Approximately 0 acres
  • Lot is approximately $5,426 square feet
  • Corner
  • Front Yard
  • Landscape Front
  • Partial Fence
  • Front Yard
  • Sprinklers Front
  • Landscape Front

Miscellaneous

  • Annual vacancy expense: $0
  • Annual maintenance expense: $0
  • Annual rental income: $0
  • Annual misc. income: $0
  • Annual gross fee income: $0
  • Gross operating income: $0
  • Annual gross sched. Income: $125,333
  • Net operating income:
  • Annual insurance expense: $0
  • Annual management expense: $0
  • Annual utility expense: $0
  • Other annual expense: $0
  • Total operating expense: $0
  • Balcony/Patio
  • Lawn Sprinkler
  • Storage Area(s)
  • Electric
  • Gas
  • Maintenance/Repair
  • Property Tax/Assessments
  • Utilities
  • Vacancy Factor
  • Water

Parking

  • On Street
  • Street Parking

Roof

  • Composition Shingles

Taxes

  • Annual taxes: $0

Utilities

  • Electric
  • Gas

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