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Listed by Steven Peterson, DRE #01746140 • Infinity Investments
$6,995,000
Est. payment /mo
25,447 SqFt
Active
1757 26Th Ave Oakland, CA 94601
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 25,447 sqft
Price per Sqft $274
MLS Listing ID BE41130392
Year Built 1928
Lot Size 0.257 Acres
Property Sub-Type Five or More Units
Source Bay East
Property Description
Kensington Plaza is a very nostalgic 3 story property located at 1757 26th Ave in Oakland California. The building is 25,447 square feet and sits on a 10,951 square foot lot with a total of 39 units. It is a great central business district location. It is in the heart of Oakland's Fruitvale district close to Lake Merritt. With 33% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. The property consists of 9 studios units, 18 one bedroom/ one bath units, 8 two bedroom/ one bath units and 4 two bedroom/ two bath units. This classic Marina style building has bay windows, separate eat in kitchens and large walk-in closets. Constructed in 1928, the units have recently received significant improvements, including upgraded kitchens and baths, newer vinyl windows and newer flooring. Most units also feature new paint, carpet, or hardwood floors and ceiling fans. The building also had significant foundation upgrades. The building is separately metered for gas and electricity. 80% of the units have been completely renovated. This roof has a lifetime GAF warranty for the life of the property against leaks or repairs. There is a laundry room generating monthly income and convenient for the residents.
Location
State CA
County Alameda
Area Oakland Zip Code 94601
Exterior
Exterior Feature Concrete, Wood Frame, Brick Veneer
Others
Tax ID 25-734-1
Special Listing Condition Not Applicable
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