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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 900,000

Est. payment | -/mo

5,379 Sqft Lot

Save

$ 900,000

Est. payment | -/mo

Save

5,379 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Sobrante Park

MLS Listing ID 41148085

HOA Y/N No

Year Built 1965

Lot Size 5,379 Sqft

Property Sub-Type Quadruplex

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre 10582 Topanga Dr presents an attractive opportunity to acquire a four-unit multifamily property in Oakland's Sobrante Park neighborhood. Offered at $900,000, the property features a desirable unit mix of four spacious 3-bedroom, 1-bathroom apartments, along with 1:1 off-street parking. The property offers strong in-place income with a cap rate above 7.5% and an 8.76 GRM. At just $225,000 per unit, investors can acquire four large 3-bedroom apartments at a compelling basis while benefiting from solid cash flow. The property has also been recently painted, improving its overall curb appeal. The all-3-bedroom unit mix is a standout feature, offering larger floor plans that appeal to households seeking additional space. Combined with dedicated off-street parking for every unit, the property provides features that help differentiate it from many competing multifamily properties in the area. Located in Sobrante Park in East Oakland, 10582 Topanga Dr is approximately a 10-minute drive from Oakland International Airport and offers convenient access to Costco, Home Depot, Walmart, I-880, and other major East Bay amenities. With strong current income, large units, dedicated parking, and an attractive $900,000 asking price, 10582 Topanga Dr offers investors a compelling combination of cash flow and value in the Oakland multifamily market.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling See Remarks

Flooring Wood

Fireplace No

Exterior

Total Parking Spaces 4

Others

Tax ID 45536921

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jatin Mehta Coldwell Banker Envision #02045713

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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10582 Topanga Dr Oakland, CA 94603