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To access marketing package copy/paste: https://bit.ly/kitehillre. This 6-unit property presents an exciting investment opportunity for developers seeking to maximize their returns. Not only does it offer the potential to add seven more units, but it also allows you to benefit from the existing cash flow. The property consists of (6) 2-bedroom, 1-bathroom units, all of which are occupied by long-term tenants. The property's location in the "OPPORTUNITY ZONE" further adds to its appeal, as it is zoned for a total of thirteen units, and preliminary design review documents have already been submitted to the City of Oakland. Its highly accessible position near transit, BART, and freeways enhances the investment potential of this project. Moreover, investors interested in taking advantage of tax breaks for properties within the Oakland Opportunity Zone will find this property particularly attractive. Positioned in the upper Fruitvale area, it is conveniently less than 1 mile away from BART, offering transportation options like the nearby Fruitvale Station (0.9 miles away) and Oakland International (6.9 miles away). Notably, the property is separately metered for electricity and gas, while the owner covers the cost of water and garbage.
Property Type(s):
Multi Family
| Last Updated | 9/16/2023 | Tract | FRUITVALE |
|---|---|---|---|
| Year Built | 1957 | Community | Oakland Zip Code 94601 |
| County | Alameda |
Price History
| Prior to Aug 28, '23 | $1,049,000 |
|---|---|
| Aug 28, '23 - Sep 8, '23 | $999,000 |
| Sep 8, '23 - Sep 16, '23 | $949,000 |
| Sep 16, '23 - Today | $899,000 |
Additional Details
| AIR | No Air Conditioning |
|---|---|
| AREA | Oakland Zip Code 94601 |
| BASEMENT | None, Yes |
| EXTERIOR | No Yard |
| GARAGE | Off Street |
| HEAT | Other |
| LOT | 0.32 acre(s) |
| LOT DESCRIPTION | Regular |
| PARKING | Off Street |
| SUBDIVISION | FRUITVALE |
Listed with Jatin Mehta | 949-929-9562, Pellego
Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. 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 10/2/23 11:34 PM PDT
This IDX solution is (c) Diverse Solutions 2023.
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