Description
This 10,150 sf multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. featuring 15 units—10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units—the property provides a well balanced unit mix that appeals to a broad tenant base. zoned r50 also offers flexibility for future development or expansion, enhancing its long-term value. located in a highly desirable oakland area, this asset is strategically positioned less than 5 minutes from northeastern university and mills college, with easy access to highways 580 and 880. its close proximity to oakland international airport and other key amenities further increases tenant demand, making it a strong rental market performer. the property is separately metered for pg&e utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. with potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. this multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in oakland's growing real estate market.
Property Type
Residential IncomeCounty
AlamedaStyle
Residential IncomeAD ID
47517532
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
Cooling Features
- See Remarks
- Air Conditioning
Heating Source
- See Remarks
- Has Heating
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Exterior Features
Building Information
- Year Built: 1958
- Construction: See Remarks
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1597
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6958
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Listing Information
Listing Price Information
- Original List Price: 3,375,000
- Listing Contract Date: 2024-11-01
Lease Information
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Taxes / Assessments
Tax Information
- Parcel Number: 362503137
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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:
- Directions: Macarthur Blvd. and Camden St. Cross Street: Macarthur Blvd..
- Source Property Type: Residential Income
Building and Construction
- Property Age: 66
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/21/2024 @ 18:10
- MLS: 41077995
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 6,958 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 94619, this Alameda County Home , it is in the MAXWELL PARK Subdivision, are nearby neighborhoods.