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$ 3,250,000
Est. payment | /mo
7,450 SqFt
$ 3,250,000
Est. payment | /mo
7,450 SqFt
Key Details
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Active
Purchase Type For Sale
Square Footage 7,450 sqft
Price per Sqft $436
MLS Listing ID 41077995
HOA Y/N No
Year Built 1958
Lot Size 6,958 Sqft
Acres 6958.0
Property Sub-Type Lowrise (1-3 Flrs)
Property 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.
Location
State CA
County Alameda
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Corner Lot
Sewer Public Sewer
New Construction No
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Listed by Matthew Rulloda • BHHS Drysdale Properties
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Patrick Nagel
REALTOR® | Lic# 1760790