We are pleased to present 570 Boden Way, a nine-unit multifamily property located just steps from Lake Merritt. The property consists of nine (9) 2 bedroom / 2 bathroom units averaging over 1,200 square feet each. The building sits above 14 garage spaces, increasing the desirability for tenants and offering the owner an additional revenue source. The property offers on-site laundry, tenant storage lockers, and balconies with sweeping views of Lake Merritt, Grand Lake Theater, and Downtown Oakland. This is truly a rare pride of ownership asset in an A+ location. Situated just blocks from both Lakeshore Avenue and Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee and various cafes and shops all within walking distance.
Off market
$4,794,327
570 Boden Way, Oakland, CA 94610
--beds
0baths
6,150sqft
Lowrise (1-3 Flrs)
Built in 1960
-- sqft lot
$-- Zestimate®
$780/sqft
$2,689 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dishwasher, Garbage disposal, Range / Oven, Refrigerator
- Laundry: Coin Operated, Community Facility
Features
- Elevator, Updated Baths, Updated Kitchen, Wired For Cable TV
- Flooring: Hardwood
Interior area
- Total interior livable area: 6,150 sqft
Property
Parking
- Total spaces: 14
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Patio & porch: Balcony/Patio
- Exterior features: Stucco, Wood
Lot
- Size: 0.32 Acres
- Features: Sloped Up
Details
- Parcel number: 23419193
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Lowrise (1-3 Flrs)
Materials
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Oakland
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Sewer: Public Sewer
- Appliances: Dishwasher, Refrigerator, Disposal, Gas Water Heater, Oven Range Built-In
- GarageYN: true
- InteriorFeatures: Elevator, Updated Baths, Updated Kitchen, Wired For Cable TV
- HeatingYN: true
- CoolingYN: true
- TenantPays: Cable TV, Electricity, Gas, Parking Fee
- ConstructionMaterials: Stucco, Wood Siding
- NumberOfUnitsTotal: 9
- MaintenanceExpense: 4500
- ParkingFeatures: Garage, Garage Door Opener, Space Per Unit - 1
- SecurityFeatures: Fire Sprinkler System
- AccessibilityFeatures: Accessible Elevator Installed
- LaundryFeatures: Coin Operated, Community Facility
- CapRate: 4.61
- TotalActualRent: 0
- Heating: Forced Air 1 Zone
- Cooling: Central 1 Zone A/C
- Flooring: Hardwood Flrs Throughout
- Roof: Rolled Composition
- PatioAndPorchFeatures: Balcony/Patio
- LotFeatures: Sloped Up
- MlsStatus: Active
- GrossIncome: 313744
- GrossScheduledIncome: 323448
- InsuranceExpense: 5362
- NetOperatingIncome: 207337
- OperatingExpense: 106407
- ProfessionalManagementExpense: 12549
- VacancyAllowance: 9703
- PropertySubType: Lowrise (1-3 Flrs)
- ListPriceLow: 4500000
- TaxAnnualAmount: 61596