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Listed by David Howarth • The Pinza Group, Inc
$ 595,000
Est. payment | /mo
3,187 SqFt
$ 595,000
Est. payment | /mo
3,187 SqFt
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 3,187 sqft
Price per Sqft $186
MLS Listing ID MR41081278
Originating Board Bridge MLS
Year Built 1933
Lot Size 5,500 Sqft
Property Sub-Type Multiple Dwellings / Structures
Property Description
Rare mixed-use residential and commercial mixed-use investment with excellent cash flow potential. The current cap rate is 8.93% and the current GRM is 8.3. The property was originally built in 1933, offers approximately 3,187 square feet of rental space, and sits on a 5,500 square foot lot with ample room for parking. The unit mix offers one 2bd/1bth unit, one studio unit, one retail unit, and a large 2,000 square foot warehouse. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The retail unit, warehouse, and studio unit will all be delivered vacant at closing providing a perfect opportunity for an investor or owner-user. The location is conveniently located near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, and has easy access to HWY880. There are countless restaurants and shopping options nearby making this a desirable location for tenants.
Location
State CA
County Alameda
Area Other Area
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Exterior Feature Other
Parking Features Other
Garage Spaces 4.0
Roof Type Other
Building
Lot Description Other
Sewer Sewer - Public
Water Public
Others
Tax ID 33-2179-4
Special Listing Condition Not Applicable
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