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Listed by Steven Peterson • Infinity Investments peterson.infinity@gmail.com
$ 5,779,000
Est. payment | /mo
28,244 SqFt
$ 5,779,000
Est. payment | /mo
28,244 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 28,244 sqft
Price per Sqft $204
Subdivision Tuxedo
MLS Listing ID 41127121
HOA Y/N No
Year Built 1949
Lot Size 4,800 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
This very nostalgic 2 story property is located at 3104-3112 & 3130 14th Ave in Oakland California. It has 32,382 rentable square feet, with 29 large apartments. The property was built in 1949, 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, electric meters and individual hot water heaters minimizing the owner's expenses. There is 20% upside in the current rents. With 20% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. There are two separate parcels, one is an 8 unit and the other is a 21 unit. The apartment unit mix is 2 Studios, 23 one-bedroom units and 4 two-bedroom units and there are 7 garages attached for parking and 8 covered 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 building is located across the street from the Highland Hospital complex and about 2 blocks from the west bound ramp to 580. There is a Quik Stop gas & convenience
Location
State CA
County Alameda
Interior
Heating Electric, See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Building
Lot Description See Remarks
Water See Remarks
Others
Special Listing Condition Standard
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