1031 Bella Vista Ave, Oakland, CA 94610
- $600,000
- 7
- BD
- 3,688
- SqFt
- List Price
- $600,000
- Status
- NEW
- MLS#
- 41148502
- Days on Market
- 2
- Property Type
- Triplex
- Bedrooms
- 7
- Living Area
- 3,688
- Lot Size
- 7,250
- Lot Description
- Sloped Up, Paved
- Subdivision
- 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.
Additional Information
- Year Built
- 2025
- Acres
- 0.17
- Flooring
- Vinyl, Carpet
- Exterior
- Stucco, Frame
- Garage Description
- Parking Lot, Space Per Unit - 1, Uncovered Parking Space, Uncovered Park Spaces 2+
- Basement
- Full
- Cooling
- No Air Conditioning
- Heating
- Forced Air, Central
- Parking Description
- Parking Lot, Space Per Unit - 1, Uncovered Parking Space, Uncovered Park Spaces 2+
- Yard Description
- Back Yard, Front Yard
- Laundry Features
- Coin Operated, Dryer, In Basement, Washer
Mortgage Calculator
Listing courtesy of Joey Wang from Keller Williams Realty
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