774-784 61 ST, OAKLAND

4 units + 2 detached ADUS

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FINANCIALS:

$1,400,000: Purchase

$150,000: 4-plex renovation and seismic retrofit

$550,000: Construction of 2 detached ADUs

$2,100,000: Total project cost

$130,200: NOI

$2,370,000: Future Value at 5.5% cap rate

$237,000: Equity Creation

Yield on cost: 6.2%