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22422 N 5th St Castro Valley, CA 94546
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Key Details
Sold Price $1,895,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 40987392
Sold Date 05/27/22
HOA Y/N No
Year Built 1961
Lot Size 7,501 Sqft
Property Sub-Type Quadruplex
Property Description
Very clean GREAT long term investment 4-plex! May be able to build 2 ADU's with new state law. Close to Bart, 580, Trader Joes. Excellent long term tenants. Zero vacancy rate in the past 13 years! Low maintenance grounds. Newer washer/dryers in each unit! New roof in 2015. Next exterior paint 2020. Dual pane windows. All units remodeled in the past 6 years. Plenty of parking, 8 spaces off street (4 covered 4 open). Tenants all pay their own utilities except garbage. Separate PGE, water meters, hot water heaters and garbage each unit, no sharing anything! Rents are $2,100 per unit (below market) $100,800 gross per yr. Low operating costs $350 per month. Annual Net is approx. $96,600. Meticulously maintained by owner and home warranty company. 13 years of maintenance and repair records available. Termite, property and roof inspection on file. No rent control. Reports and disclosures : https://app.disclosures.io/link/22422-North-5th-Street-681vq4x4
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Carpet
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Parking Features Assigned, Covered, Carport, Other, On Street
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 41522087
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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