Bought with Davide Pio • BCRE
$1,630,000
$1,688,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
2244 12Th Ave Oakland, CA 94606
5,495 SqFt
Key Details
Sold Price $1,630,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,495 sqft
Price per Sqft $296
Subdivision Lake Merritt
MLS Listing ID 40959317
Sold Date 10/23/21
HOA Y/N No
Originating Board Bridge AOR
Year Built 1962
Lot Size 7,500 Sqft
Property Description
Well maintained seven unit apartment building located in a quiet neighborhood in Lake Merritt area. All large two bedroom units with three units recently renovated within the last three years. Parking lot next to the building. Laundry room in the back of the building. Both provide extra income. Great investment opportunity with Current cap rate 6% and pro forma 8.5%.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Cooling Other
Flooring Laminate, Carpet
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Coin Operated, Common Area
Exterior
Parking Type Parking Lot
Building
Lot Description Level
Water Public
Read Less
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