Oakland, CA 94611,561 Oakland Avenue
Listed by Willem Bos • COMPASS
Bought with Grant Chappell • NAI Northern California

$4,800,000

$5,350,000

10.3%
Est.Price: ?

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Est. payment /mo

24,960 SqFt


SOLD DATE : 06/25/2025

Key Details

Sold Price $4,800,000

Property Type Commercial

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 24,960 sqft

Price per Sqft $192

MLS Listing ID 41091342

Sold Date 06/25/25

HOA Y/N No

Year Built 1967

Lot Size 0.285 Acres

Property Sub-Type 5 or More Units

Source Bridge AOR

Property Description

561 Oakland Avenue, an immaculate 22-Unit apartment community in Oakland's Grand Lake neighborhood. The property comprises of one oversized 1,500 Sf Penthouse, nine (9) 2 bedroom - 2 bathroom Units, and twelve (12) 1 bedroom - 1 bathroom Units totaling 24,960 square feet. Amenities include 22 garage parking spaces, balconies with views, and a tenant on-site laundry room. This pride of ownership property has never seen the market since its original construction, allowing it to stand out for its pristine cleanliness, exceptional upkeep, and historically low vacancy rate, demonstrating the strong demand for this location. Don't miss this rare opportunity to secure a turnkey multifamily asset in one of Oakland's most desired neighborhoods. 561 Oakland Avenue is located just three blocks from the Piedmont Avenue shopping district. Residents can enjoy the convenience of various choices, from Michelin-starred restaurant Commis to the historic Piedmont Theatre to the casual Barney's Gourmet Burgers and various other restaurants and shopping options. Commuters will find the property's proximity to city bus lines and the MacArthur BART Station, which allows access to the entire Bay Area, highly convenient. Additionally, the property is a short 0.4-mile walk t

Location

State CA

County Alameda

Interior

Heating Other

Cooling None

Flooring Hardwood, Tile, Vinyl, Carpet

Fireplace No

Laundry Coin Operated

Exterior

View Bay, Bay Bridge, Downtown, San Francisco

Building

Lot Description Rectangular Lot

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Bay East AOR and Contra Costa AOR

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agent
Adam Shoop

Broker Associate at LPT Realty | Lic# 1782227

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