1300 81st Ave, Oakland, CA 94621 | Fine Art Real Estate Media

• Asking Price: $749,000 • Four 2bd/1bth Units of ~800 SF - Delivered with Upgraded Appliances & No Deferred Maintenance • Gated Entry w/ Eight (8) Off-Street Parking Spaces, Five (5) Storage Sheds, and ADU Development Potential • Fresh Exterior Paint, Improved Landscaping, Brand New Water Heater, and Onsite Coin-Operated Laundry • Current Rents Below Market w/ Significant Room for Growth via Annual Adjustments, Tenant Turnover and Construction of Additional Unit(s) • Located in an Opportunity Zone, Offering Major Tax Benefits to Future Investors • Ideal Location, Centrally Positioned Near a Number of Restaurants, Retail Shopping Outlets, Oakland International Airport, and Commute Options Such as BART & I-880 OFFERING SUMMARY ADDRESS: 1300 81st Ave, Oakland CA 94621 COUNTY: Alameda WEBSITE: www.130081stave.com BUILDING: SF 3,137 SF LAND SF: 8,025 SF LAND ACRES: 0.18 NUMBER OF UNITS: 4 YEAR BUILT: 1966 APN: 42-4247-61 OWNERSHIP TYPE: Fee Simple FINANCIAL SUMMARY PRICE: $749,000 PRICE PSF: $238.76 PRICE PER UNIT: $187,250 OCCUPANCY: 100.00 % NOI (CURRENT): $39,240 NOI (Pro Forma): $75,889 CAP RATE (CURRENT): 5.24 % CAP RATE (Pro Forma): 10.13 % CASH ON CASH (CURRENT): 0.66 % CASH ON CASH (Pro Forma): 12.89 % GRM (CURRENT): 10.82 GRM (Pro Forma): 6.94 PROPOSED FINANCING LOAN TYPE: Amortized DOWN PAYMENT: $299,600 LOAN AMOUNT: $449,400 INTEREST RATE: 7.38 % ANNUAL DEBT SERVICE: $37,265 LOAN TO VALUE: 60 % AMORTIZATION PERIOD: 30 Years Property Overview • The Pinza Group, Inc. is pleased to present 1300 81st Avenue, a four unit apartment building centrally located in the Woodland neighborhood of Oakland, CA. The property was built in 1966, and features four (4) 2bd/1bth units of ~800 SF. The structure is set on a large 8,025 SF lot, boasting a 2:1 off-street parking ratio, gated entry, functional security system, ample storage space and huge potential for ADU development. • Current ownership has recently completed a number of improvements, including: fresh exterior paint, upgraded appliances throughout, improved low-maintenance landscaping, installation of a brand new water heater, and the addition of a coin-operated washer/dryer to bring in additional income. Current rents are below market rate, providing an opportunity for significant rental upside via annual adjustments, tenant turnover, and construction of additional unit(s). 1300 81st Avenue offers a prime opportunity for owner occupants to acquire an exceptionally maintained asset with just 3.5% down($26,500). Location Overview • Woodland is a serene neighborhood nestled in the northeastern part of Oakland, California. It's conveniently located near Highway 13, providing easy access to the vibrant city buzz. Woodland boasts lush tree-lined streets, offering a tranquil escape from the city's hustle and bustle. The neighborhood is also adjacent to Joaquin Miller Park and Montera Middle School, making it an ideal location for families. Steps away from the Oakland Coliseum, residents are just a short walk from some of Oakland’s biggest concerts and sporting events. PROPERTY FEATURES NUMBER OF UNITS: 4 BUILDING SF: 3,137 LAND SF: 8,025 LAND ACRES: 0.18 YEAR BUILT: 1966 # OF PARCELS: 1 NUMBER OF PARKING SPACES: 8 PARKING RATIO: 2:1 LAUNDRY: Onsite, Coin-Operated UTILITIES WATER: Landlord TRASH: Landlord GAS: Tenant/Landlord ELECTRIC: Tenant/Landlord

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