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$5,779,000
Est. payment /mo
5,000 Sqft Lot
Open House
Thu Oct 15, 2:00pm - 4:00pm
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82064079
HOA Y/N No
Year Built 1949
Annual Tax Amount $83,874
Lot Size 5,000 Sqft
Property Description
29 apartments in two two-story buildings on two parcels (21 units and 8 units), built in 1949: 23 one-bedrooms, 4 two-bedrooms and 2 studios in about 32,382 SF. About 80% of units have been renovated. Seven garages and eight covered parking spaces, plus coin laundry on site, add income. Gas and electric are separately metered. Market rents run about 17% above in-place rents. In Oakland's Highland Park area by the Tuxedo and Dimond neighborhoods, across from Highland Hospital and minutes from Glenview, the Dimond District and Lake Merritt, with quick I-580 access. 7.03% current cap; 7.82% pro forma cap. Existing financing in place. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RU-2
Interior
Fireplace No
Exterior
Carport Spaces 8
Utilities Available Other
Roof Type Other
Building
Water Other
Schools
School District Other
Others
Tax ID 022037101801
Special Listing Condition Standard
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Listed by Alina Siert KW Advisors #01893238
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