Description
OAKLAND FOURPLEX NEAR LAKE MERRITT** **Investors, take notice!** An exceptional opportunity to acquire a fully occupied fourplex in a highly desirable Oakland location near **Lake Merritt and Lakeside Park, make offers:https://bit.ly/7thave1439, this income-producing property presents an exciting opportunity for investors looking to expand their portfolio and secure a multifamily asset in a high-demand rental market. The property features **four spacious 1-bedroom, 1-bathroom units**, each with its own comfortable living room. All four units are currently occupied by **long-term tenants**, providing an established rental-income stream from day one. Built on a **cement slab foundation**, the property offers the added benefit of reduced exposure to certain maintenance concerns commonly associated with raised foundations, including dry rot. Residents also enjoy a **generously sized backyard with mature fruit trees**, creating an attractive outdoor amenity rarely found with comparable multifamily properties. **LOCATION, INCOME & POTENTIAL FOR UPSIDE** Positioned near some of Oakland's most popular destinations, the property offers convenient access to **Lake Merritt, Lakeside Park, Grand Lake Theatre, the Grand Lake shopping district, Downtown Oakland, Chinatown, and West Oakland BART**. Dining, shopping, entertainment, employment centers, and regional transportation are all within convenient reach. Whether you're a seasoned multifamily investor, expanding your rental portfolio, or seeking an opportunity to establish a presence in one of Oakland's sought-after locations, **this fourplex deserves your attention**. **Four units. Established tenants. Prime Oakland location. ** Don't miss the opportunity to compete for this income-producing multifamily property. **Please do not disturb tenants. Offer subject to inspection.**
Details
| MLS # | 41145048 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1951 |
| Days On Site | 13 |
| Listing Provided By | Keller Williams Realty | Angela Hern |
Features
| Units | 4 |
|---|---|
| Acreage | 0.10 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco, Wood Siding |
| Lot Features | Back Yard, Front Yard |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | CLINTON |
| Listing VS Median (in CLINTON) | |
Price: $560,000 low | high Med: $0 On site: 13 low | high Med: | |
Market Activity 94606
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Community Name | CLINTON |
| Listing VS Median (in CLINTON) | |
Price: $560,000 low | high Med: $0 On site: 13 low | high Med: | |
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