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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 750,000

Est. payment | -/mo

3,001 Sqft Lot

Save

$ 750,000

Est. payment | -/mo

Save

3,001 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision China Town

MLS Listing ID 41141615

HOA Y/N No

Year Built 1912

Lot Size 3,001 Sqft

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 huge AI boom in San Francisco is starting to provide spillover to Oakland as jobs and rents have stabilized and strengthened.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling None

Fireplace No

Others

Tax ID 29310

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jon Holmquist Marcus & Millichap #01257479

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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912 Oak Street Oakland, CA 94607-4821