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 gorgeous 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 PG&E and sub-metered for water, providing for low annual operating expenses. The exterior and interior are in great 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.
Property Details
Property Features
Property Information:
Year Built: 1924
Listing Office:
Office Name: The Pinza Group, Inc
Office Phone: (510) 725-4775
Listing Agent: David Howarth
Interior Features
Interior Information:
Flooring Type: Wood
Exterior Features
Parking Information:
Parking: Other
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Cooling: Other
School Info
Assigned Schools Information:
Life Academy, Public District Grades 6-12
United For Success Academy, Public District Grades 6-8
Urban Promise Academy, Public District Grades 6-8
Ascend, Public Charter Grades KG-8
Global Family, Public District Grades KG-5
Other
Directions Information:
Directions: Foothill Blvd Right on Bridge Avee Cross Street: Foothill Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $1,675,000
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Housing Market Comparison
See how this home compares to others in Oakland, CA.
This property is $803.9K more than the Median Sold Price in Oakland, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41053921
Listing Office:
Office Name: The Pinza Group, Inc
Office Phone: (510) 725-4775
Listing Agent: David Howarth
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 6:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Global Family
2035 40th Ave
Distance between this listing and this school0.27 miles
Public District Grades KG-5
Middle School
2
/10
United For Success Academy
2101 35th Ave
Distance between this listing and this school0.36 miles
Public District Grades 6-8
3
/10
Urban Promise Academy
3031 E 18th St
Distance between this listing and this school0.39 miles
Public District Grades 6-8
4
/10
Ascend
3709 E 12th St
Distance between this listing and this school0.47 miles
Public Charter Grades KG-8
High School
6
/10
Life Academy
2101 35th Ave
Distance between this listing and this school0.36 miles
Public District Grades 6-12
Assigned Schools
3
/10
Global Family
2035 40th Ave
Distance between this listing and this school0.27 miles
Public District Grades KG-5
Nearby Schools
3
/10
Learning Without Limits
2035 40th Ave
Distance between this listing and this school0.27 miles
Public Charter Grades KG-5
3
/10
International Community
2825 International Blvd
Distance between this listing and this school0.69 miles
Public District Grades KG-5
Assigned Schools
2
/10
United For Success Academy
2101 35th Ave
Distance between this listing and this school0.36 miles
Public District Grades 6-8
3
/10
Urban Promise Academy
3031 E 18th St
Distance between this listing and this school0.39 miles
Public District Grades 6-8
4
/10
Ascend
3709 E 12th St
Distance between this listing and this school0.47 miles
Public Charter Grades KG-8
Assigned Schools
6
/10
Life Academy
2101 35th Ave
Distance between this listing and this school0.36 miles
Public District Grades 6-12
Nearby Schools
4
/10
Arise High School
3301 E 12th St
Distance between this listing and this school0.46 miles
Public Charter Grades 9-12
1
/10
Fremont High School
4610 Foothill Blvd
Distance between this listing and this school0.57 miles
The neighbors living near this home have an average income of $34,647. The most common annual income of people living in Oakland, CA is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 1832 Bridge Ave in Oakland, CA and zip code 94601 in the Saint Elizabeth neighborhood. This home, which was built in 1924, sits on a 0.21 acre lot. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $1,675,000.
In April 2024, from all listings sold in Oakland, CA there were more than 143 sold above asking price, over 30 sold below and more than 22 were sold right at the asked price. Between March 2024 and April 2024, Oakland, CA real estate market has seen increase in the number of listings by 22.9%. In April 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $871,010.
From Rocket Homes Real Estate and based on county public records data.