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Listed by Grant Chappell • NAI Northern California
$3,600,000
Est. payment /mo
16,014 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,014 sqft
Price per Sqft $224
Subdivision Grand Lake
MLS Listing ID 41114616
HOA Y/N No
Year Built 1942
Lot Size 8,750 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
We are pleased to present 251 Park View Terrace, a rare, early 40's construction property located just steps from Lake Merritt featuring 18 spacious units. The property boasts Deco architecture, original hardwood floors, 1:1 garaged parking, laundry, secure entry and large windows providing abundant natural light and views. Located on a tree-lined street, the property offers convenience with proximity to Lake Merritt, 19th Street BART, and Whole Foods. With the potential for lease-up at market rents and optional seller financing available, this is a unique chance to reposition the asset and achieve outstanding returns. 251 Park View Terrace is situated in of Oakland's most sought-after neighborhoods, Adam's Point, offering easy access to Lake Merritt, downtown Oakland, 19th BART and Whole Foods. Tucked away on quiet tree lined street, residents enjoy close proximity to all of the vibrant amenities and dining options along Grand Ave, along with a peaceful setting in the building. With it's blend of Lake Merritt proximity, neighborhood charm and an assortment of local businesses nearby, 251 Park View Terrace presents a unique opportunity to purchase in desirable location in the Oakland apartment market.
Location
State CA
County Alameda
Interior
Heating Steam
Cooling None
Flooring Hardwood
Fireplace No
Building
Lot Description Corner Lot
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613