581 18th

Oakland, CA, 94612

$7,095,000

$454 per ft²
$7,095,000
$454 per ft²
Active
Active
 - For Sale
carpenters-square
15,624 ft²
property_type
Commercial
calendar
Built 1940
Contact Broker to schedule appointments to tour, view Offering Memorandum and/or view disclosures. The subject property is a 27-unit apartment building located in an Opportunity Zone with CBD-X zoning, ideal for future development, while generating strong rental income on the following unit mix: five (5) studios, fourteen (14) 1-bd/1-ba units, five (5) 2-bd/1-ba units and three (3) lofts. Tenants enjoy the comfort of either going to a local restaurant such as Plenty, Hot Bird or Itani Ramen; spending a night out at The Fox Theatre or famous bars like Cafe Van Cleef; or walking to Lake Merritt for a little exercise. The great location allows tenants to access the entire Bay Area due to its proximity to 19th Street BART station, public transportation options and a series of major freeways. The spacious units have had several upgrades including new kitchens, bathrooms and appliances. This is a rare opportunity to purchase a solid income property with high development upside potential.
MLS® ID:
40995212
Listed:
5/27/22
Updated:
8/13/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood
Cooling
Zoned, Room Air
Heating
Natural Gas

Exterior/Building Features

Lot Size
5,580 ft² lot
Lot Details
Curb(s)
Roof
Shingle
Sewer
Public Sewer

Other Property Details

Area Name
Oakland Zip Code 94612
Garage
No
Parking
No Parking on Site
View
N
County
Alameda
Pool
No

Courtesy of NAI Northern California, Grant Chappell

Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 10:21 PM UTC, 8/13/22. 

Contact