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Oakland, CA 94621
  • $1,199,000
  • STATUS: Active
  • ON SITE: 189 Days
  • ID#: MR40995751
UPDATED: 49 min ago
$1,199,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Qualified Opportunity Zone. Cash cow mixed-use investment offering 6,444 square feet of rental space with a market cap rate of 9.55% located in a busy commercial district with excellent car and foot traffic. The property is split into three levels with many repositioning options. The lower level offers a large open space along with a 2bd apartment. The middle level and upper level offer numerous units along with an office space that's open to the lower level. The property is easy to manage with little to no maintenance resulting in low annual operating expenses. This is a perfect opportunity for an owner-user who wants a blank canvas to customize or an investor looking to reposition the property with high market rents.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-12-09T09:49:27.403. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

Licensed in the State of California.
Website powered by BoomTown.
www.strockrealestate.com/homes/129424037
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Oakland, CA 94621

  • Price: $1,199,000
  • Status: Active
  • On Site: 189 Days
  • Updated: 49 min ago
  • ID#: MR40995751
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1920
Built
Neighborhood:
Oakland Zip Code 94621
County:
Alameda
Area:
Oakland Zip Code 94621
Property Description
Qualified Opportunity Zone. Cash cow mixed-use investment offering 6,444 square feet of rental space with a market cap rate of 9.55% located in a busy commercial district with excellent car and foot traffic. The property is split into three levels with many repositioning options. The lower level offers a large open space along with a 2bd apartment. The middle level and upper level offer numerous units along with an office space that's open to the lower level. The property is easy to manage with little to no maintenance resulting in low annual operating expenses. This is a perfect opportunity for an owner-user who wants a blank canvas to customize or an investor looking to reposition the property with high market rents.
Exterior Features

Garage Parking Other Location Other Roof Other

Interior Features

Structure Sq Ft 6444

Property Features

Additional Listing Info Not Applicable City Name Oakland Cross Street 88th Ave Lot Size Area Maximum 3685.00 Present Use Retail Restrictions Other Zoning Mix

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of David Howarth of The Pinza Group, Inc: (510) 822-1331.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-12-09T09:49:27.403. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Strock Real Estate.

Licensed in the State of California.
Website powered by BoomTown.
 
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