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.
| MLS # | ML82030778 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1918 |
| Days On Site | 229 |
| Listing Provided By | Compass | Tony Zizzo |
| SQ Feet | 9,352 |
|---|---|
| Units | 13 |
| Building(s) | 2 |
| Zoning | RM |
| Acreage | 0.16 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Flat |
|---|
| Property | 15334 |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Listing VS Median (in 94606) | |
Price: $1,200,000 low | high Med: $1,072,500 sqft: 9,352 low | high Med: 6,549 $ / sqft: $128 low | high Med: $190 On site: 229 low | high Med: 187 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94606 |
| Listing VS Median (in 94606) | |
Price: $1,200,000 low | high Med: $1,072,500 sqft: 9,352 low | high Med: 6,549 $ / sqft: $128 low | high Med: $190 On site: 229 low | high Med: 187 | |