$975,000
905 E 11th St Oakland, CA 94606
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Listed by Steven Pinza • The Pinza Group, Inc
$975,000
Est. payment /mo
2,755 SqFt
UPDATED:
08/23/2024 03:26 PM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,755 sqft
Price per Sqft $353
MLS Listing ID 41070068
HOA Y/N No
Originating Board Bridge AOR
Year Built 1896
Lot Size 5,000 Sqft
Property Description
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 905 E 11th St, a distinguished Victorian building in Oakland's sought-after East Peralta neighborhood. This property offers seven units comprised of six studios and one 1bd/1bth unit. The current rental rates are set at approximately 40% below market, unveiling a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With its clear potential for growth, this property stands as an excellent investment avenue suitable for both established investors and new investors looking to enter the market at a low basis. Current GRM 9.87; Market GRM 6.43; Email agent on property website for more info.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Parking Type Other
Building
Lot Description Other
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