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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 5,779,000
Est. payment | /mo
32,382 SqFt
$ 5,779,000
Est. payment | /mo
32,382 SqFt
Open House
Thu Oct 15, 2:00pm - 4:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 32,382 sqft
Price per Sqft $178
MLS Listing ID ML82064079
Year Built 1949
Lot Size 5,001 Sqft
Property Sub-Type Five or More Units
Property Description
29 apartments in two two-story buildings on two parcels (21 units and 8 units), built in 1949: 23 one-bedrooms, 4 two-bedrooms and 2 studios in about 32,382 SF. About 80% of units have been renovated. Seven garages and eight covered parking spaces, plus coin laundry on site, add income. Gas and electric are separately metered. Market rents run about 17% above in-place rents. In Oakland's Highland Park area by the Tuxedo and Dimond neighborhoods, across from Highland Hospital and minutes from Glenview, the Dimond District and Lake Merritt, with quick I-580 access. 7.03% current cap; 7.33% pro forma cap at market rents. 100% occupied per the rent roll.
Location
State CA
County Alameda
Area Oakland Zip Code 94602
Zoning RU-2
Interior
Heating Other
Cooling Other
Exterior
Parking Features Covered Parking, Detached Garage
Garage Spaces 7.0
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 022-0371-018-01
Security Features Other
Special Listing Condition Not Applicable
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