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$ 1,698,000
Est. payment /mo
Open Sat 1PM-2:30PM
31 Excelsior Ct Oakland, CA 94610-3616
8,084 Sqft Lot
OPEN HOUSE
Sat Feb 15, 1:00pm - 2:30pm
Sun Feb 16, 1:00pm - 2:30pm
UPDATED:
02/06/2025 03:57 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41084862
HOA Y/N No
Year Built 1938
Lot Size 8,084 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. This property in Cleveland Heights offers a compelling investment opportunity with four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet. The modern amenities and generous living spaces are designed to attract high-quality tenants, making it a desirable option in a sought-after neighborhood. Each unit is spread across two stories and provides over 1,000 square feet of living space, ensuring plenty of room for tenants to enjoy comfortable living. With a total of $12,146 per month in estimated rental income, the property presents a strong cash flow for investors looking for stable returns. For those interested in owner-occupying, the building offers a unique advantage with a vacant unit available for personal use. An owner could reside in this unit while collecting over $9,000 per month from the other three units, significantly offsetting mortgage costs. This feature makes it a flexible opportunity for buyers who want to live in a prime location while benefiting from rental income. The combination of high rental demand and owner-occupy potential makes this an attractive option for both investors and homebuyers.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Wood
Fireplace No
Exterior
Parking Features Garage
Total Parking Spaces 4
Building
Lot Description Back Yard
Sewer Public Sewer
Others
Tax ID 2341841
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Jatin Mehta • Pellego
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