7-unit apartment complex offering six 1bd/1bth units and one 2bd/1bth unit with excellent current cash flow. The current cap rate is 10.32% and the current GRM is 7.25! The property was originally built in 1966, offers approximately 4,432 square feet of rental space, with six garages that will be delivered vacant that can be rented for additional income or possible new ADUs. Five units are currently rented to Section 8 tenants and one tenant is rented to Abode providing for maximum stability and control. The 2bd/1bth unit will be delivered vacant and is perfect for an owner-occupant or rented before closing. All of the units have been extensively remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. This is an Oakland location near HWY 580, Bishop O'Dowd High School, Mills College, Sequoyah Country Club, and Lake Chabot Golf Course. There are a variety of restaurants and shopping options nearby and only a short distance to San Leandro, Lake Merritt, and Downtown Oakland making this an ideal location for tenants.

Highlights:
- 7-unit Apartment Complex with Six 1bd/1bth Units and One 2bd/1bth Unit with Excellent Current Cash Flow
- Remodeled Units with Five Section 8 Tenants and One Abode Tenants Providing For Maximum Flexibility
- Full Seismic Retrofit Completed, Sewer Lateral Compliant, New Roof in 2012, On Site Laundry, Dual Pane Windows, and Private Security Gates
- Six Vacant Garages Which Can Be Rented Out for Additional Income Immediately or Redeveloped for More Units
- Easy to Manage Property, Separately Metered For PG&E, with Low Annual Operating Expenses
Attractive Corner Location Close to San Leandro, HWY580, and Bishop O'Dowd High School