$600,000
1031 Bella Vista Ave
Oakland, CA 94610
1900
Year Built
Alameda
County
Quadruplex
Property Type
About this home
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.
Property Details
Architecture
Features & Amenities
Property Features
Community
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Mortgage Estimate
$3,193/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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