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481 Wickson Avenue
For Sale $1,295,000
$1,295,000
- 5 Units
- Unknown Sq Ft
- 5,000 Sq Ft
- Unknown Cap Rate
Description
An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors. $76,488/annually (+/-4.725% cap rate, +/-16.93 GRM). Vacant 2bd/1ba offers significant rental upside $105,960 +/-annually (+/-6.54% cap rate, +/-12.22 GRM). Add value opportunity with potential projected rental income of $153,600+/-annually (+/-9.35% cap rate, +/-8.56 GRM). (5) Gas meters, (4) Electric meters, (4) Water meters, (5) Off-street parking spaces. Situated between Grand Ave and Lakeshore Ave, join friends for brunch at one of the many diverse eateries or catch the latest movie from the iconic Grand Lake Theater or gather your organic produce every Saturday morning at the farmer’s market. Enjoy the Lake Merritt vibe and get in your daily exercise along the lakefront with a WalkScore of 97. Located near BART, downtown Oak-SF, casual carpool & major freeways.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,295,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 5 spots |
| Year Built | 1943 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 1183761 |
| MLS # | 41079321 |
| Property ID | 321071551 |
| Lot Sqft | 5,000 |
| Zoning | Unknown |
| Total Units | 5 |
| Days on Market | 7 |
| Original List Price | $1,295,000 |
| Date Updated | November 22, 2024 |
| Date Created | November 20, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Giuseppe Zumbo an agent of . Lic #01753412
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 22, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT