Oakland, CA 94610,200 Montecito Ave
Listed by Joseph Owens • Marcus & Millichap
Bought with NON MEMBER OUT OF AREA • Bay East AOR

$7,925,000

Est. payment /mo

$8,250,000

3.9%
Est.Price: ?

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200 Montecito Ave Oakland, CA 94610

26,240 SqFt

SOLD DATE : 10/04/2022

Key Details

Sold Price $7,925,000

Property Type Commercial

Sub Type Apt Complex

Listing Status Sold

Purchase Type For Sale

Square Footage 26,240 sqft

Price per Sqft $302

Subdivision Adams Point

MLS Listing ID 41003873

Sold Date 10/04/22

HOA Y/N No

Originating Board Bridge AOR

Year Built 1967

Lot Size 0.253 Acres

Property Description

200 Montecito is a 21-unit multifamily building located in the heart of Oakland’s Adams Point neighborhood. Built in 1967, the property is comprised of five stories of wood frame and stucco construction above a concrete podium and garage parking. The building has been well maintained during the current ownership’s hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover. 200 Montecito offers tenants a charming neighborhood surrounding as well as unmatched proximity to retail, dining and transit. The property is less than one mile from most of Downtown Oakland’s best attractions for restaurants, bars, entertainment and transit. Tenants are just a two-block walk from Whole Foods Market as well as their daily coffee or smoothie at Equator Coffees and Urban Remedy as well as the TransBay bus.

Location

State CA

County Alameda

Interior

Heating Heat Pump

Cooling Heat Pump

Flooring Vinyl, Carpet

Fireplace No

Appliance Dishwasher, Built-In Range, Refrigerator, Gas Water Heater

Laundry Laundry Equip - Leased

Exterior

View City Lights, Hills, Lake, City

Parking Type Enclosed, Int Access From Garage, Security Garage, Space Per Unit - 1

Building

Lot Description Corner Lot, Regular

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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