890 31st Street in West Oakland is a 4-Unit apartment complex that offers a desirable unit mix of four 2bd/1bth units with excellent rental upside. Due to the oversized lot, there is a possibility to build two additional Accessory Dwelling Units (ADUs). Maintenance is low and all units are separate...ly metered for PG&E providing for low annual expenses. The units have spacious floor plans, classic details, hardwood floors and great light. The rents for all four units have not been raised in 5+ years providing an excellent opportunity for future banked rent increases. This is a perfect property for an investor or owner-occupant to take advantage of new ADU laws and historical low interest rates on a 30-year mortgage. The property is located minutes from Downtown Oakland, San Francisco, and Berkeley with easy access HWY 880, HWY580, and HWY24 and multiple BART stations. Continue reading