Explore the exclusive opportunity to acquire 3114 Ashbrook Ct, an impeccably designed eight (8) unit apartment building presented by Magnify Real Estate.
Constructed in 1952 and recently renovated, this property seamlessly blends longevity with a contemporary aesthetic, ensuring lasting appeal for both tenants and investors.
With a thoughtful layout, the building offers a mix of units, including (1) two-bedroom/one-bathroom, (6) one-bedroom/one-bathroom, and (1) studio, catering to a broad range of tenant preferences.
Recent capital improvements, such as dual-pane windows and modern amenities like coin-operated laundry, garages, and a private gated outdoor common area, contribute to increased property value and tenant satisfaction.
Less than 1 mile from the Fruitvale Bart Station and with easy access to highways 580 & 880, Downtown Oakland, Lake Merritt, and Oakland International Airport, this property presents a strategically located investment opportunity.
Priced attractively at $1.725M, this investment presents an opportunity with a current cap rate of 5.0%, offering a balanced return on investment.
The property boasts a mix of (1) two-bedroom/one-bathroom, (6) one-bedroom/one-bathroom, and (1) studio units, providing versatility and catering to varied tenant preferences.
Benefit from recent upgrades including dual-pane windows, modern amenities, and a fresh coat of paint, enhancing the property's value and tenant satisfaction.
Positioned strategically with a convenient location near Fruitvale Bart Station, highways 580 & 880, Downtown Oakland, Lake Merritt, and Oakland International Airport, ensuring high demand and potential for increased profitability.
Winchester Station (Mountain View - Winchester Line) 4 min drive - 1.6 mi
(Mountain View - Winchester Line) 4 min drive - 1.9 mi
(Mountain View - Winchester Line) 5 min drive -2.7 mi
WALK SCORE ®
Very Walkable
(70)
Tamien Commuter Rail (Caltrain) 11 min drive - 6.3 mi
San Jose Diridon Commuter Rail 10 min drive - 5.5 mi
San José International Airport 13 min drive - 8.5 mi
BIKE SCORE ® Very Bikeable (84)