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Listed by Jon Holmquist, DRE #01257479 • Marcus & Millichap
$750,000
Est. payment /mo
3,977 SqFt
Active
912 Oak ST Oakland, CA 94607-4821
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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 3,977 sqft
Price per Sqft $188
MLS Listing ID EB41141615
Year Built 1912
Lot Size 3,000 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
This offering of six units at 912 Oak St Avenue, Oakland, CA represents a rare opportunity to acquire a well-located and attractive multifamily property in the China Town neighborhood of Oakland, CA just one block from Lake Merritt. The current owner has owned the property for several decades. The property is constructed with a wood-frame structure and stucco exterior. The unit mix consists of six units, including one studio and five one-bedroom/one-bath units. Five of the six units are currently vacant with one one-bedroom/one-bath occupied by a long-term tenant. While the units were renovated approximately 30 years ago by the current ownership, they present an opportunity for further upgrades to maximize rental income and overall property value. The property is separately metered for gas and electricity, with the potential to implement a RUBS program to further enhance income. Tenants benefit from great walkability, with a Walk-Score of 93 (Walkers Paradise). Nearby public transport, or short walk allow easy access to ample retail, Lake Merritt BART station, and the shoreline of Lake Merritt. The building's ideal location positions it to benefit from Oakland's rebound and provide tenants with easy access to Downtown Oakland and San Francisco's primary employment centers. The hu
Location
State CA
County Alameda
Area Oakland Zip Code 94607
Interior
Heating Gas
Cooling None
Flooring Concrete
Exterior
Exterior Feature Stucco, Wood Frame
Parking Features No Parking
Building
Lot Description Other, Regular
Others
Tax ID 2-93-10
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