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2730 Seminary Avenue

Oakland, CA 94605
  • $849,900
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: ML81937327
Price Reduced
UPDATED: 64 min ago
$849,900
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,262
    SQFT
  • $261
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

School District:
Listing Agent(s): Helen Chong of Haylen ((408) 800-5478) and Peter Whang of Haylen((408) 800-5478)


Description

This sprawling Oakland duplex, one of the largest available in the city, is a prime prospect for investors aiming for substantial rental gains. Unlock its full potential with significant rental upside and ADU potential. Each unit boasts a spacious 3+ bedroom layout. Recent ownership has completed comprehensive capital improvements including roof, plumbing, sewer lateral, electrical systems, and windows. One unit has been thoughtfully renovated prior to tenant occupancy, the second unit is currently leased below market value to a long-term tenant. This presents a valuable opening to elevate rental income through targeted enhancements. The property is separately metered. With ample lot space, the potential for an ADU adds another layer of rental revenue. Minimal landscaping demands translate to efficient maintenance. With one unit offering below-market rent and the enticing prospect of an ADU, the potential for heightened cash flow and appreciation is truly striking. Buyer to verify all.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142369665
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2730 Seminary Avenue Oakland, CA 94605

  • Price: $849,900
  • Status: Active
  • On Site: 46 Days
  • Updated: 64 min ago
  • MLS #: ML81937327
0
Beds
0
Baths
0
½ Baths
0.1
Acres
3,262
SQFT
$261
$/SQFT
1924
Built
Neighborhood:
699 - Not Defined
County:
Alameda
Area:
699 - Not Defined
School District:
Other
Property Description
This sprawling Oakland duplex, one of the largest available in the city, is a prime prospect for investors aiming for substantial rental gains. Unlock its full potential with significant rental upside and ADU potential. Each unit boasts a spacious 3+ bedroom layout. Recent ownership has completed comprehensive capital improvements including roof, plumbing, sewer lateral, electrical systems, and windows. One unit has been thoughtfully renovated prior to tenant occupancy, the second unit is currently leased below market value to a long-term tenant. This presents a valuable opening to elevate rental income through targeted enhancements. The property is separately metered. With ample lot space, the potential for an ADU adds another layer of rental revenue. Minimal landscaping demands translate to efficient maintenance. With one unit offering below-market rent and the enticing prospect of an ADU, the potential for heightened cash flow and appreciation is truly striking. Buyer to verify all.
Exterior Features

Carport Spaces 0 Parking Features Off StreetUnassigned Parking Total 1 Roof Tar/Gravel View YN Yes

Interior Features

Accessibility Features OtherParking Cooling None Cooling YN Yes Heating YN Yes

Property Features

Association YN No Cap Rate 4.19 Garage YN Yes Gross Scheduled Income 54300 Insurance Expense 2000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 0 Possession Close Of Escrow Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 12029 Trash Expense 720 Water Source Public Zoning Rd-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Helen Chong of Haylen ((408) 800-5478) and Peter Whang of Haylen((408) 800-5478)