Description
Welcome to an exceptional investment opportunity at 1240-1248 e 15th st, a wellmaintained 4-unit building located near the highly desirable lake merritt area ofeast oakland. with a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. the property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.located just minutes from the iconic lake merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. this is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 e 15th st checks all the boxes.don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. this is amust-see for savvy investors looking to grow their portfolio and capitalize on eastoakland's potential.
Property Type
Residential IncomeCounty
AlamedaStyle
Residential IncomeAD ID
48137065
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 6
Bathroom Information
- Total Baths: 4
- Full Baths: 0
- Half Baths: 0
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Exterior Features
Building Information
- Year Built: 1944
- Building Area Total: 3,192
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1377
- Lot Size Source: Other
- Lot Size Square Feet: 6000
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Listing Information
Listing Price Information
- Original List Price: 825,000
- Listing Contract Date: 2024-11-20
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 0200170009
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: SFO - San Francisco
- Postal Code Plus 4: 3806
- Directions: South of 12th Ave; North of 13th Ave
- Source Property Type: Residential Income
- Area: SFO - San Francisco
Building and Construction
- Property Age: 80
- Year Built Source: Other
- Total Square Feet Living: 3192
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/21/2024 @ 20:41
- MLS: 24473677
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 6 bedrooms which is for sale, it has 3,192 sqft, 6,000 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Oakland , in zip code 94606, this Alameda County Home are nearby neighborhoods.