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$ 1,095,000
Est. payment /mo
Pending
1739 10Th Ave Oakland, CA 94606
6,499 Sqft Lot
UPDATED:
12/05/2024 03:23 AM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Clinton
MLS Listing ID 41069019
HOA Y/N No
Year Built 1900
Lot Size 6,499 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
Zoning RM-2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 1
Building
Lot Description Sloped Down
Others
Tax ID 202174
Listed by Joey Wang • Keller Williams Realty