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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
OPEN HOUSE
Sat Feb 22, 12:00pm - 1:00pm
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,187 sqft
Price per Sqft $186
MLS Listing ID 41081278
HOA Y/N No
Originating Board Bridge AOR
Year Built 1933
Lot Size 5,500 Sqft
Property Sub-Type OTHER
Property Description
OpenHouse: Saturday 2/22 from 12-1pm. 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
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227