6.0% cap rate and 12.55 GRM on current rent.

1832 Bridge Avenue offers a rare opportunity to purchase four legal condos with strong current income and excellent rental upside. The property was fully renovated 12 years ago, offers 5, 408 square feet of living space and sits on a 9, 125 square foot lot spread across two buildings with a common driveway. Each condo unit offers two levels, 3 bedrooms and 2.5 bathrooms, with 1, 352 square feet of living space. All units are fully remodeled with gorgous kitchens and bathrooms, upgraded electrical and plumbing, newer hardwood floors, double pane windows, stainless steel appliances, granite countertops, custom lightning and more.

The property is easy to manage and is separately metered for PGandE and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in tremendous condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. There is one condo that will be delivered vacant at closing making this perfect for an owner-occupant or investor seeking high market rent. High demand rental location near countless restaurants and shopping options with easy access to BART and other public transportation.

Request Information
on 1832 Bridge Ave
in Oakland, CA
Presented by David Howarth at
The Pinza Group, Inc.


Property MLS #41053921 from bridgeMLS

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+ Bedrooms

Bedrooms: 12

+ Interior Features

Storage Area(s)
Shower Stall(s)
Flooring: Wood

+ Heating and Cooling

Heating Features: Central
Heating: Yes

+ Land Info

Lot Size Acres: 0.2094812
Lot Size Square Feet: 9125

+ Garage and Parking

Parking Total: 8

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Active
County: Alameda
Directions: Foothill Blvd Right on Bridge Avee
Source Property Type: Residential Income
Parcel Number: 33213546
Property Subtype: Quadruplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$131,029 + $94,684 $225,713	$4,725
2021	$128,460 + $92,827 $221,287	$4,407
2020	$127,143 + $91,876 $219,019	$4,356
2019	$124,651 + $90,075 $214,726	$4,122
2018	$122,208 + $88,310 $210,518	$4,039
2017	$119,812 + $86,579 $206,391	$3,858
2016	$117,464 + $84,881 $202,345	$3,664
2015	$115,700 + $83,607 $199,307	$3,642
2014	$113,434 + $81,969 $195,403	$3,605
2013	$112,921 + $81,599 $194,520	$3,576
2012	$110,707 + $79,999 $190,706	$3,442

+ Reveal Property Sale History

Price Changed 2024-04-06
$1,675,000
bridgeMLS

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Listed 2024-03-26
$1,750,000
bridgeMLS

+ Building and Construction

Total Square Feet Living: 5408
Year Built: 1924
Building Area Source: Public Records
Building Area Total: 5408
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 100

+ Display Complete School Details

Global Family School is a public elementary school located approximately 0.3 miles away.
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Fremont High is a public high school located approximately 0.6 miles away.
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Saint Elizabeth High School is a private high school located approximately 0.2 miles away.
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Life Academy is a public middle and high school located approximately 0.4 miles away.
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