Oakland, CA 94606,2244 12Th Ave
Listed by Bing Udinsky • BING REALTY
Bought with Davide Pio • BCRE

$1,630,000

Est. payment /mo

$1,688,000

3.4%
Est.Price: ?

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2244 12Th Ave Oakland, CA 94606

5,495 SqFt

SOLD DATE : 10/23/2021

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

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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