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Listed by Kevin Cunningham • Red Oak Realty
$1,450,000
Est. payment /mo
3,916 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,916 sqft
Price per Sqft $370
Subdivision Idora Park
MLS Listing ID 41116685
HOA Y/N No
Year Built 1940
Lot Size 6,765 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Massive, well-maintained 7 bedroom, 5 bathroom building on a beautiful, tree-lined street in close proximity to the best of Oakland and Berkeley. Already generating $8,699.99 per month in income from the four occupied units (two 1/1, two 2/1), with an amazing vacant 1/1 unit ideal for an owner-occupant or for maximizing market rent.* This is not your typical rental with lots of updates to the tenant-occupied units, on-site parking for every unit, plus one bonus parking space, and on-site laundry. The vacant unit has well-preserved charm with a box-beam ceiling in the dining room, hardwood floors, as well as tons of double-pane windows flooding it with natural light. An extremely spacious kitchen also contributes to the feeling of abundant space and potential. Easy access to Rockridge, UC Berkeley, the 24, Bushrod Park, and so much more. Large unfinished basement provides an exciting opportunity to expand on the building's value with whatever creative ideas you bring to the table. Photos of tenant-occupied units available upon request. Please respect tenants' privacy and do not disturb them during the marketing period. Happy to arrange access once we are in contract. At $290k per unit, this extraordinary value is waiting for the next phase in its journey. *Buyer to investigate.
Location
State CA
County Alameda
Interior
Heating Other
Cooling None
Flooring Other
Fireplace No
Building
Lot Description See Remarks
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613