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Listed by Steven Peterson • Infinity Investments peterson.infinity@gmail.com
$ 6,995,000
Est. payment | /mo
18,720 SqFt
$ 6,995,000
Est. payment | /mo
18,720 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 18,720 sqft
Price per Sqft $373
Subdivision Lake Merrit
MLS Listing ID 41126787
HOA Y/N No
Year Built 1964
Lot Size 8,925 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
This very nostalgic 3 story property is located at 303 Lee Street in Oakland California. It has 18,720 rentable square feet, with 25 large units including 7 two-bedroom one-bathroom and 18 one-bedroom/one-bathroom all with private baths and kitchens. The property was built in 1964, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas and electric meters minimizing the owner's expenses. The apartment unit mix is 7 two bedrooms and 18 one-bedroom units; there are 23 parking spaces. The quality of the building is maintained with pride. The units are separately metered for gas, electricity and hot water. The units have pleasant views from the entry and living room of upstairs units. The laundry is coin operated for additional income. The subject has no deferred maintenance and is in good condition.
Location
State CA
County Alameda
Interior
Heating Electric, See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Building
Lot Description See Remarks
Water Public, See Remarks
Others
Special Listing Condition Standard
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