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Listed by Joey Wang • Keller Williams Realty
$ 1,095,000
Est. payment /mo
Pending
1739 10Th Ave Oakland, CA 94606
4,817 SqFt
UPDATED:
10/15/2024 06:26 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 4,817 sqft
Price per Sqft $227
Subdivision Clinton
MLS Listing ID 41069019
HOA Y/N No
Originating Board Bridge AOR
Year Built 1900
Lot Size 6,500 Sqft
Property Description
To access the marketing package, copy/paste: https://bit.ly/joeywanglistings. Meet Oakland’s 1739 10th Avenue: 7 units (1 - studio, 2 - 1BR/1BA, 4 - 2BR/1BA) less than 5 minutes from Lake Merritt and offered at $1,095,000 ($227 sq. ft.). This attractively priced investment opportunity is as unique as it is appealing. Consisting of a front building (5 units) and a rear building (2 units), it totals an impressive 4,817 sq. ft. and includes potential for ADU expansion. The property will be occupied at close, with tenants generating a comfortable $11,000 per month in cash flow. However, when rents can be set to market rates, 1739 10th Ave is predicted to generate $16,000 per month (+45% upside). Situated in the historic and popular Clinton neighborhood, this location offers tenants much in the way of walkability (89 Walk Score) and convenience. Not only is it a short distance from the Grand Lake and Lakeshore shopping districts, but it’s right by a major employer (Highland Hospital), incredible public spaces, and several commuter corridors (I-880, I-580, and BART).
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Vinyl, Carpet
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry Common Area, Dryer, Washer
Building
Lot Description Sloped Down, Paved
Water Public
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