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Listed by NAI Northern California
$ 1,640,000
Est. payment | /mo
4,707 SqFt
$ 1,640,000
Est. payment | /mo
4,707 SqFt
Key Details
Property Type Commercial
Sub Type Garden Apts
Listing Status Active
Purchase Type For Sale
Square Footage 4,707 sqft
Price per Sqft $348
Subdivision Clinton
MLS Listing ID 41123228
HOA Y/N No
Year Built 1966
Lot Size 7,950 Sqft
Property Sub-Type Garden Apts
Source Bridge AOR
Property Description
6.77% Cap Rate! 1140 E 22nd Street, a fully-renovated 5-unit property located in Oakland's Clinton neighborhood. The property consists of one (1) large 3-bedroom 2-bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2-bathroom unit, and three (3) 2-bedroom 1-bathroom units. Each unit has its own private balcony, modern gourmet kitchen with premium appliances, new bathrooms, huge closets, vinyl wood flooring, recessed LED lighting, and brand new modern design laminate glass entry door. Each unit is also individually metered for gas, electricity, AND water, limiting the operating expenses. This is an excellent opportunity to acquire a fully occupied, turn-key, stabilized asset. The property is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland's restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Laminate, Wood
Fireplace No
Building
Lot Description Corner Lot
Water Private
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