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Showing: Saturday 1/4 from 2:00-3:30pm. Rare mixed-use residential and commercial mixed-use investment with excellent cash flow potential. The current cap rate is 8.93% and the current GRM is 8.3. The property was originally built in 1933, offers approximately 3,187 square feet of rental space, and sits on a 5,500 square foot lot with ample room for parking. The unit mix offers one 2bd/1bth unit, one studio unit, one retail unit, and a large 2,000 square foot warehouse. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The retail unit, warehouse, and studio unit will all be delivered vacant at closing providing a perfect opportunity for an investor or owner-user. The location is conveniently located near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, and has easy access to HWY880. There are countless restaurants and shopping options nearby making this a desirable location for tenants.
Property Type(s):
Residential Income
| Last Updated | 1/1/2025 | Year Built | 1933 |
|---|---|---|---|
| County | Alameda |
Additional Details
| AIR | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | See Remarks |
| GARAGE | Other |
| HEAT | See Remarks |
| HOA DUES | 0 |
| LOT | 5500 sq ft |
| PARKING | Other |
| SEWER | Public Sewer |
Location
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Listed with The Pinza Group, Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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