www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five plex in Oakland's sought after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass throughs, or tenant buy outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.