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Listed by Joey Wang • Keller Williams Realty
$1,050,000
Est. payment /mo
2,914 SqFt
UPDATED:
01/17/2025 04:58 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,914 sqft
Price per Sqft $360
MLS Listing ID 41082599
HOA Y/N No
Originating Board Bridge AOR
Year Built 1907
Lot Size 4,000 Sqft
Property Description
1430 7th Avenue is a well maintained, beautiful 7-unit (3, 1BR/1BA + 4, Studio) building that showcases Oakland's iconic Queen Anne Victorian architecture. Generating over $10,000/mo in gross profit with 0 long-term tenants, this is a turnkey investment that delivers fantastic cashflow at $150K per unit. At 2,914 sq. ft., it includes an onsite laundry, basement storage for an additional income opportunity, and a driveway for 2-car tandem parking. In addition to 6 of the 7 units being remodeled, 1430 7th Ave was seismically retrofitted with permits in 2022 (bolts, steel placements, shearwalls, holddowns). Situated in the historic Clinton neighborhood and only a handful of blocks from Lake Merritt, tenants have everything they could ever need virtually on their doorstep. From bike paths and running trails to groceries and banking, there are no shortage of urban amenities to enjoy, including incredibly important public transit access (BART + AC Transit) and easy access to Highways 880 & 580. Do not miss your chance to add this meticulously maintained property to your portfolio.
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas, Wall Furnace, Hot Water
Cooling Room Air
Flooring Tile, Vinyl, Carpet
Fireplace No
Window Features Window Coverings
Appliance Built-In Range, Dryer, Washer, Gas Water Heater
Laundry Common Area
Building
Lot Description Level, Landscape Front, Paved, Landscape Back
Water Public
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