8-Unit Building SOLD 11/22/2011
11061 Apricot Street, Oakland, CA 94603
Older building with great upside potential is located on the Oakland/San Leandro border, five blocks from the San Leandro BART Station. Asking price was $233,000; it was purchased for $232,000. Phil Williams represented the buyer.
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- 8-unit older building with great upside potential
- Asking price $233,000 ($29,125/Unit)
- Purchase price $232,000
- 10% Cap Rate on Actual N.O.I.
- $104.96 price per square foot
- Unit Mix: 1 3bd/1ba, 2 2bd/1ba & 5 Studios
- Located on Oakland/San Leandro border
- 5 Blocks from the San Leandro BART Station
- Fully occupied & individually metered
- Current rents are below market
- R.E.O. Asset
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