27122726 Park Boulevard, Oakland, CA 94606
  • MLS#: ML81944037 ( )
  • Street Address: 27122726 Park Boulevard
  • Viewed: 2
  • Price: $3,090,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 409
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94606
  • Provided by: Compass
  • Contact: Carol Carol
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Seize a rare 75% vacant opportunity for an exceptional investment & excellent frontage. Instant income generation w/a superb Retail Building currently leased to Mayflower Spa; has options for extending or for an owner user space w/great signage visibility; an ideal addition to your portfolio at a 6.25% 8% Pro Forma cap. A multi use building w/5 spacious commercial units (vacant) & 6 1BD/1BA residential apartments (3 vacant), in a desirable rental market; commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~3k SF; it's a fantastic opportunity for development or expansion; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Increasing Building Height is an option! Abundant Space: ~12,700 SF Total Lot, & Per Appraiser Total Building ~12,868 SF.
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Features
Building Area Total
  1. 11022.00
Cooling
  1. None
Current Use
  1. Residential
Heating
  1. Forced Air
Otherexpense
  1. 0.00
Otherincome1
  1. 0.00
Parcel Number
  1. 022033901701
Professionalmanagementexpense
  1. 353.00
Roof
  1. Flat
Totalexpenses
  1. 21292.00
Trash Expense
  1. 1132.00
Water Source
  1. Public
Year Built
  1. 1950
Year Built Source
  1. Other
Zoning
  1. RU-5