1031 Bella Vista Ave, Oakland, CA 94610
- $600,000
- List Price
- $600,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 41148502
- Subtype
- Residential Income
- Year Built
- 2025
- Lot Size
- 7,250
- Acres
- 0.17
- Subdivision
- Bella Vista
- Neighborhood
- Bella Vista
Property Description
A Julia Morgan address: named in the published record of her East Bay work (Oakland Tribune, 12/18/1994), alongside Hearst Castle and the Chapel of the Chimes. Highland Hospital is a six-minute walk. The rents are the story. 1031 Bella Vista is a 1900 Oakland fourplex on a 7,250 SF lot, a few blocks from I-580. Four units, four gas meters, four electric meters, four parking spaces. Owner pays water and garbage only. Unit 1 spans 1,751 SF on the main floor: three bedrooms, two baths, fireplace, bay-window dining room. Unit 4 is a two-bedroom with a private 181 SF roof deck; Unit 5 a one-bedroom efficiency with a balcony. Both look over Oakland to the Bay. Unit 3 is a one-bedroom with a fireplace. Coin laundry and storage in the basement. Exterior painted 2025. Fully occupied. In-place rents average $1,204; broker market estimate $2,818. The upside comes at turnover. $600,000. $151/SF. $150,000 per unit. $57,999 in-place income, 3.9% cap. At market rents: 4.4 GRM, 15.6% cap.
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Additional Information
- Zoning
- RM-2
- Flooring
- Carpet, Vinyl
- Appliances
- Gas Water Heater, Dryer, Washer
- Heating
- Forced Air
- Exterior Construction
- Stucco, Wood Siding
- Roof
- Shingle
Listing courtesy of Listing Agent: Joey Wang (joey.wang@loremultifamily.com) from Listing Office: Keller Williams Realty.
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