2333 HUMBOLDT AVE.
OAKLAND, CA
2333 HUMBOLDT AVE.
OAKLAND, CA
5 UNIT COMPLEX . 4693 SQFT
$1,350,000
Unit 1 = 3 bed, 2 bath, 1100 sqft.
Unit 2-4 = 2 bed, 1 bath, 900 sqft.
Unit 5 = 1 bed, 1 bath, 800 sqft.
COMMERCIAL INVESTMENT PROPERTY
CLICK HERE FOR PROPERTY DISCLOSURES
COMFORT IN OAKLAND
EXPERIENCE
Start with a visual tour of the property through the photos below.
Click on any image below for an exploded view.
OPERATING STATEMENT
CURRENT PROPERTY STATUS
The figures below reflect the property's current operating status with the units occupied by the current tenants.
Apt A = Vacant
Apt B = $925
Apt C = $1,050
Apt D = $1,100
Apt E = $1,500
Laundry = $347
TOTAL MONTHLY INCOME = $4,922
TOTAL ANNUAL INCOME = $59,064
TOTAL ANNUAL EXPENSES = $23,603
TOTAL NET INCOME = $35,461
OPERATING STATEMENT
PRO FORMA A
The figures below reflect the property's operating status with the units occupied by the new tenants with adjusted market rental rates per unit and property taxes reflecting a $1,350,000 purchase price.
Apt A = $3,600
Apt B = $925
Apt C = $1,050
Apt D = $1,100
Apt E = $1,500
Laundry = $347
TOTAL MONTHLY INCOME = $8,522
TOTAL ANNUAL INCOME = $102,264
TOTAL ANNUAL EXPENSES = $23,603
TOTAL NET INCOME = $78,661
OPERATING STATEMENT
PRO FORMA B
The figures below reflect the property's operating status with the units occupied by the new tenants with adjusted market rental rates per unit and property taxes reflecting a $1,350,000 purchase price.
Apt A = $4,200
Apt B = $1,800
Apt C = $2,300
Apt D = $2,300
Apt E = $2,300
Laundry = $347
TOTAL MONTHLY INCOME = $13,247
TOTAL ANNUAL INCOME = $158,964
TOTAL ANNUAL EXPENSES = $23,603
TOTAL NET INCOME = $135,361
CALCULATED AT $1,350,000 PRICE
CAP PERCENTAGE & GRM
NEIGHBOR ANALYSIS
MARKET COMPARABLES
PRICE = $1,700,000
SOLD DATE = 8/4/22
PROPERTY DETAILS
PRICE = $1,385,000
SOLD DATE = 10/6/22
PROPERTY DETAILS
PRICE = $1,675,000
SOLD DATE = 10/6/22
PROPERTY DETAILS
UNIT 1
2 BED/1 BATH700 SQFT$1653/MONTH RENT
UNIT 2
3 BED/1 BATH800 SQFT$3150/MONTH RENT
UNIT 3
0 BED/1 BATH550 SQFT$1600/MONTH RENT
UNIT 4
1 BED/1 BATH650 SQFT$2072/MONTH RENT
UNIT 5
0 BED/1 BATH550 SQFT$1808/MONTH RENT
Get in touch
We're here to help answer any questions you have. Looking forward to meeting you!
21 Massolo Drive
Suite C
Pleasant Hill, CA 94523
415-990-0012
juan@luxegroup.com
Juan Sabino
DRE#02104887