860 20th Street

Four 2 bedroom, 2 bath units in a two-story 1889 building on a 4,400 square foot lot in West Oakland, about 0.6 miles from 19th Street BART and Uptown Oakland. Units average approximately 810 square feet. Three are leased month to month at an average of $2,416, and unit 864 is available, a natural fit for an owner-occupant or for immediate lease-up. Units are separately metered for PG&E and water, tenants pay all utilities except trash, and there is in-unit laundry. Ownership reports a full exterior repaint, appliance updates and balcony improvements. Income and expenses shown are the stabilized case with unit 864 leased at an estimated $2,650 and are broker estimates: 5.98% cap rate before vacancy at the asking price, 5.6% after a 5% vacancy allowance and taxes reassessed at the asking price. Assumptions and sources are in the Offering Memorandum, available on request. Buyer to verify all information, including square footage, zoning, permitted uses and income, in their own due diligence.