This three-story property consists of 13 units with a diverse mix of (1) 2BD/1BA, (5) 1BD/1BA, and (7) studios, appealing to a broad tenant base. Two vacant units provide immediate upside through lease-up at market rents.
The asset includes 12 units in the main building and one detached rear cottage, enhancing tenant appeal with added privacy. Two units are located on the ground floor, with the other units on the second and third levels. A secured, gated entry offers additional safety and tenant retention benefits.
The property totals approximately 9,352 SF on a 6,800 SF lot and is built on a concrete perimeter foundation. Parking is via street parking, unassigned, consistent with nearby properties.
Units feature vintage charm with original hardwood floors and windows. Select units have been updated with modern kitchen cabinetry, countertops, and refreshed paint, allowing a new owner to continue a light value-add program. Heating is provided by wall furnaces or baseboard heaters.
Conveniently located near I-880 and less than three miles from Downtown Oakland, the property is close to Lake Merritt, the Fox Theater, dining, retail, and the Fruitvale BART Station, providing easy access throughout the Bay Area.
9,352 Sq Ft
6,800 Sq Ft Partijgrootte
investering
Ingebouwd 1918
MLS/Listing ID ML82030778
Vriezer
Cooling - Other
Tapijt
Hardhout
Betonnen omheining
Heating - Wall Furnace
Parking - No Garage
Parking - On Street
Gerold/Hot Mop
Flat
TOTALE MAANDELIJKSE KOSTEN
US$ 0
US$ 0
US$ 0