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Contact Broker to schedule appointments to tour, view Offering Memorandum and/or view disclosures. The subject property is a 27-unit apartment building located in an Opportunity Zone with CBD-X zoning, ideal for future development, while generating strong rental income on the following unit mix: five (5) studios, fourteen (14) 1-bd/1-ba units, five (5) 2-bd/1-ba units and three (3) lofts. Tenants enjoy the comfort of either going to a local restaurant such as Plenty, Hot Bird or Itani Ramen; spending a night out at The Fox Theatre or famous bars like Cafe Van Cleef; or walking to Lake Merritt for a little exercise. The great location allows tenants to access the entire Bay Area due to its proximity to 19th Street BART station, public transportation options and a series of major freeways. The spacious units have had several upgrades including new kitchens, bathrooms and appliances. This is a rare opportunity to purchase a solid income property with high development upside potential.
Property Type(s):
Residential Income
| Last Updated | 6/2/2022 | Year Built | 1940 |
|---|---|---|---|
| Community | Oakland Zip Code 94612 | County | Alameda |
Additional Details
| AIR | Room Air, Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Oakland Zip Code 94612 |
| BASEMENT | None |
| CONSTRUCTION | Brick Veneer |
| HEAT | Natural Gas |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Curb(s) |
| PARKING | No Parking on Site |
| SEWER | Public Sewer |
Location
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Listing provided by Grant Chappell with NAI Northern California
Bay East ©2022. CCAR ©2022. EBRD ©2022.Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 6/24/22 5:14 PM PDT.
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