10582 Topanga Dr
- Strong In-Place Cash Flow: Attractive income-producing opportunity with a cap rate above 7.56% and an 8.76 GRM.
- Compelling Price Point: Offered at $900,000, equating to just $225,000 per unit for four large 3-bedroom apartments.
- Desirable Unit Mix: Features (4) spacious 3-bedroom / 1-bathroom units, providing a strong unit mix that appeals to households seeking additional living space.
- Dedicated Off-Street Parking: 1:1 parking ratio with one off-street parking space for each unit, a valuable amenity for tenants.
- - Recently Improved: The property has been recently painted, enhancing its overall appearance and curb appeal.
- Sobrante Park Location: Located in East Oakland’s Sobrante Park neighborhood, with convenient access to major employment, transportation, shopping, and everyday amenities.
- Convenient Airport Access: Approximately a 10-minute drive to Oakland International Airport, with easy connectivity to I-880 and the greater East Bay.
- Nearby Major Retailers: Conveniently located near Costco, Home Depot, Walmart, and a variety of additional shopping and services.
- Attractive Oakland Investment: A compelling combination of strong current yield, large 3-bedroom units, dedicated parking, and an attractive cost basis for an Oakland multifamily property.
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $900,000 |
| No. of Units: | 4 |
| Year Built: | 1965 |
| Lot Size: | 0.49 Acres |
| Opportunity Zone: | No |
| Price per unit: | $225,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout