www.theprescottcompany.com

6426 BENVENUE AVENUE

OAKLAND, CA 94618

Price: $2,646,000

Nolan Jones Broker | Real Estate Services

510.398.1622

nolan@theprescottcompany.comBRE#01509417

David YiAssociate | Real Estate Services

510.398.1623

david@theprescottcompany.comBRE#01914323

6426 BENVENUE AVENUE, OAKLAND, CA 94618

The information contained in this marketing brochure (“Materials”) is proprietary and confidential. It is

intended to be reviewed only by the person or entity receiving it from The Prescott Company (“Agent”). The Materials are intended to be used for the sole purpose of preliminary evaluation of the subject

property (“Property”) for potential purchase.

The Materials have been prepared to provide unverified summary financial, physical, and market

information to prospective buyers to enable them to establish a preliminary level of interest in potential purchase of the Property. The Materials are not to be considered fact. The information contained in the

Materials is not a substitute for thorough investigation of the financial, physical, and market conditions

relating to the Property.

The information contained in the Materials has been obtained by Agent from sources believed to be reliable, however, no representation or warranty is made regarding the accuracy or completeness of the

Materials. Agent makes no representation or warranty regarding the Property, including but not limited to

income, expenses, or financial performance (past, present, or future); size, square footage, condition, or quality of the land and improvements; presence or absence of contaminating substances (PCB’s, asbestos,

mold, etc.); Compliance with laws and regulations (local, state, and federal); or, financial condition or business prospects of any tenant (tenant’s intentions regarding continued occupancy, payment of rent,

etc). Any prospective buyer must independently investigate and verify all of the information set forth in the

Materials. Any prospective buyer is solely responsible for any and all costs and expenses incurred in reviewing the Materials and/ or investigating and evaluating the Property.

By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein.

All Property showings are by appointment only and must be coordinated through the Agent.

confidentiality & disclaimer

6426 BENVENUE AVENUE, OAKLAND, CA 94618

table of contents

property overview 4property summary 4

property highlights 4

property narrative 5

property photos 6

location overview 8regional and local map 8

local context 9

parcel map 10

operating summary 11financial overview 11

rent roll 12

pricing 13

property overview

6426 BENVENUE AVENUE, OAKLAND, CA 94618

property highlights▪ 4 CONDOS BEING SOLD TOGETHER AS ONE BULK SALE

▪ IRREPLACEABLE ROCKRIDGE/ELMWOOD LOCATION

▪ CONDO MIX INCLUDES (3) ONE BEDROOM, ONE BATHROOM UNITS

AND (1) SPACIOUS 3 BEDROOM, 2.5 BATHROOM UNIT WITH LOFT SPACE

▪ UNITS FEATURE HARDWOOD FLOORS, REMODELED KITCHENS AND

GRANITE COUNTERS

▪ 3 ATTACHED GARAGE SPACES + 3 OFF-STREET SPACES

▪ 1 BLOCK FROM SAFEWAY, PHILZ COFFEE, LA FARINE BAKERY, WOOD TAVERN AND MORE!

APN 016-1410-(035-039)

Property Type 4 CONDOMINIUM UNITS

Year Built 1923

Units 4

Stories 2.00

Gross Living Area ± 4,420 SF

Parcel Size ± 6,000 SF

Parking 3 Attached Garage + 3 Off-Street Spaces

Occupancy Rate 100%

property summary

6426 BENVENUE AVENUE, OAKLAND, CA 94618

6426 Benvenue Avenue is a great opportunity to purchase 4 condominiums in the desirable

Rockridge/Elmwood neighborhood.

Built in 1923, 6426 Benvenue Avenue includes a unit mix of (3) one bedroom, one bathroom condos and

(1) loft style 3 bedroom, 2.5 bathroom condo. Several years ago units were updated, and feature newer bathrooms, kitchens with granite countertops, hardwood floors, upgraded electrical and plumbing.

Residents will appreciate the 3 off-street parking spaces, as well as the 3 attached garages. There is also laundry at the property which is located in one of the garages.

Although situated on a quiet residential street, the condos are in an irreplaceable location near the many shops, restaurants, and amenities located along College Avenue. Just one block away from the subject

property sits neighborhood hot spots such as Philz Coffee, the Wood Tavern, a newly renovated Safeway, La Farine bakery, Cole Coffee, and Cream ice cream shop, among others. With a “Walk Score” of 94 out of

100 (per www.walkscore.com), the subject properties location is a “Walker’s Paradise”, where daily errands

do not require a vehicle. The Rockridge BART station is also just 0.5 miles away.

The condos can also be purchased individually. However, in such a sale, tenants will have first right of refusal. (Contact agent for more details)

6426 Benvenue Avenue is a great opportunity to own individual condos in an irreplaceable Rockridge/Elmwood location.

property overview

property narrative

6426 BENVENUE AVENUE, OAKLAND, CA 94618

property overview

exterior photos

6426 BENVENUE AVENUE, OAKLAND, CA 94618

property overview

exterior photos

6426 BENVENUE AVENUE, OAKLAND, CA 94618

location overview

regional and local maps

PROPERTY

PROPERTY

6426 BENVENUE AVENUE, OAKLAND, CA 94618

location overview

local context map

PROPERTY

6426 BENVENUE AVENUE, OAKLAND, CA 94618

location overview

parcel map

PROPERTY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expre ssed or implied as to the accuracy

of this information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

6426 BENVENUE AVENUE, OAKLAND, CA 94618

operating summary

financial overviewLOCATION ANNUALIZED OPERATING DATA

6426 Benvenue Avenue

Oakland, CA 94618

CURRENTPRO

FORMAINCOME CURRENT

PRO

FORMA

Price $2,646,000 $2,646,000 Gross Potential Rent $84,082 $145,200

Down Payment 100% $2,646,000 $2,646,000 Other Income (Laundry Estimated) $1,200 $1,200

Number of Units 4 4 Gross Potential Income $85,282 $146,400

Price/Unit $661,500 $661,500 Less: Vacancy/Deductions (GPR) 3.00% $2,522 $4,356

Rentable Square Feet 4,420 4,420 Effective Gross Income $82,759 $142,044

Price/SF $598.64 $598.64 Less: Expenses $54,052 $54,052

Cap Rate - Current 1.08% 3.33% Net Operating Income $28,707 $87,992

GRM - Current 31.47 18.22 Debt Service $0 $0

Year Built 1923 1923 Net Cash Flow After Debt Service 1.08% $28,707 $87,992

Lot Size 6,000 6,000 Principal Reduction $0 $0

Total Return 1.08% $28,707 $87,992

FINANCING* EXPENSES

Real Estate Taxes 1.3508% $35,742 $35,742

FIRST TRUST DEED Special Assessments $4,829 $4,829

Loan Amount $0 PG&E (Common Area Estimated) $300 $300

Interest Rate 4.65% Garbage (Estimated) $1,850 $1,850

Amortization (years) 30 Water (Estimated) $3,300 $3,300

Repairs/Maintenance (Est. @ $750/unit) $3,000 $3,000

Insurance (Estimated) $2,100 $2,100

Reserves/Replacements (Est. @ $375/unit) $1,500 $1,500

Oakland Business Tax (% of EGI) 1.40% $1,159 $1,989

Oakland Rent Board Fee ($68 per unit) $272 $272

Total Expenses $54,052 $54,882

SCHEDULED INCOME Expenses / Unit $13,513 $13,720

Expenses / SF $12.23 $12.42

65.31% 38.64%

3 1x1 800 $1,704.65 $2.13 $5,114 $2,600.00 $7,800

1 3x2.5 2,020 $1,892.85 $0.94 $1,893 $4,300.00 $4,300

Totals 4,420 $7,007 $12,100

*Loan information is time sensitive and subject to change.

Please contact a Prescott Company representative for up-to-date information.

Expenses % of EGI

PF MONTHLY

INCOMEPF RENTS

MONTHLY

INCOME

RENT

PER SF

CURRENT

RENTSAVG. SF

UNIT

TYPENO.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expre ssed or implied as to the accuracy

of this information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

6426 BENVENUE AVENUE, OAKLAND, CA 94618

rent roll

operating summary

UNIT

NO.

NO.

BR

NO.

Bath NOTES

UNIT

SF

CURRENT

RENT

RENT

PER SF PF RENT

PF RENT

PER SF OCC.

1 1 1 Will be vacant 08/31/17 800 $1,666.00 $2.08 $2,600.00 $3.25 Y

2 1 1 800 $1,779.95 $2.22 $2,600.00 $3.25 Y

3 1 1 800 $1,668.00 $2.09 $2,600.00 $3.25 Y

4 3 2.5 2,020 $1,892.85 $0.94 $4,300.00 $2.13 Y

0 $0.00 0

4,420 $7,006.80 4

4,420 $7,006.80 $12,100 4

TOTAL OCCUPIED

TOTAL VACANT

TOTAL

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expre ssed or implied as to the accuracy

of this information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

6426 BENVENUE AVENUE, OAKLAND, CA 94618

pricing

operating summary

LIST PRICE

Price $2,646,000

Down Payment 100% $2,646,000

First Trust Deed/Mortgage $0

Interest Rate/Amortization 4.65%

Net Operating Income $28,707

CASH FLOW ANALYSIS

Debt Service $0

Debt Coverage Ratio n/a

Net Cash Flow After Debt Service $28,707

Cash on Cash Return % 1.08%

Principal Reduction $0

Total Return $28,707

Total Return % 1.08%

VALUE INDICATORS

CAP Rate 1.08%

GRM 31.47

Price / Unit $661,500

Price / SF $598.64

We strive to build high quality relationships, generated through honest communication,

tireless work ethic, and by providing clients with overall excellent service and flawless

execution. The priority of The Prescott Company is to achieve the absolute best price and

terms for our client’s real estate, meet or exceed our client’s needs and to continue to

conduct repeat business for years to come.

We believe that the core of our company stems largely from the culture that we have

created through the values that we practice.

▪ Integrity

▪ Humility

▪ Accessibility

▪ Dynamic

▪ Tireless Work Ethic

▪ Enjoyable Work Environment

▪ Relationship Driven And Not Commission Driven

www.theprescottcompany.com