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Listed by Compass
$ 1,200,000
Est. payment | /mo
9,352 SqFt
$ 1,200,000
Est. payment | /mo
9,352 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,352 sqft
Price per Sqft $128
MLS Listing ID ML82030778
HOA Y/N No
Year Built 1918
Lot Size 6,800 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
This three-story property consists of 13 units with a diverse mix of (1) 2BD/1BA, (5) 1BD/1BA, and (7) studios, appealing to a broad tenant base. Two vacant units provide immediate upside through lease-up at market rents. The asset includes 12 units in the main building and one detached rear cottage, enhancing tenant appeal with added privacy. Two units are located on the ground floor, with the other units on the second and third levels. A secured, gated entry offers additional safety and tenant retention benefits. The property totals approximately 9,352 SF on a 6,800 SF lot and is built on a concrete perimeter foundation. Parking is via street parking, unassigned, consistent with nearby properties. Units feature vintage charm with original hardwood floors and windows. Select units have been updated with modern kitchen cabinetry, countertops, and refreshed paint, allowing a new owner to continue a light value-add program. Heating is provided by wall furnaces or baseboard heaters. Conveniently located near I-880 and less than three miles from Downtown Oakland, the property is close to Lake Merritt, the Fox Theater, dining, retail, and the Fruitvale BART Station, providing easy access throughout the Bay Area.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Other
Flooring Hardwood
Fireplace No
Exterior
Handicap Access Other
"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"