Description
This 2-story property is 9,515 square feet and sits on a 10,390 square foot lot with a total of 9 large units. The subject is in the southeast corner of Oakland, near the San Leandro border and is located on a typical residential secondary street. The area is a mix of various densities and types of residential properties, with some supporting commercial uses in the area. It is a great central business district location in the heart of Oaklands central business district close to Lake Merritt. Built in 1966, there is a common area laundry, parking and storage is provided for all units, individual gas water heaters with a concrete perimeter surrounding the building. With 42% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
School Ratings & Info
Description
This 2-story property is 9,515 square feet and sits on a 10,390 square foot lot with a total of 9 large units. The subject is in the southeast corner of Oakland, near the San Leandro border and is located on a typical residential secondary street. The area is a mix of various densities and types of residential properties, with some supporting commercial uses in the area. It is a great central business district location in the heart of Oaklands central business district close to Lake Merritt. Built in 1966, there is a common area laundry, parking and storage is provided for all units, individual gas water heaters with a concrete perimeter surrounding the building. With 42% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. 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.