1152 98th Avenue, Oakland, CA 94603
  • MLS#: ML82008269 ( )
  • Street Address: 1152 98th Avenue
  • Viewed: 4
  • Price: $2,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2021
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94603
  • Provided by: Yellowstone Investments
  • Contact: Adam Adam
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Offering memorandum available upon request. Yellowstone Investments is pleased to present 1152 98th Avenue, a fully renovated mixed use property located in Oakland. This unique asset includes six total units, one retail space, and five residential units, across two separate buildings. With over $2.2 million invested in renovations, this offering represents a rare opportunity to acquire a turnkey property with minimal deferred maintenance. The first building is a duplex originally constructed in 1950 and fully remodeled in 2019. Each one bedroom, one bath unit has its own water meter. The building on the corner was initially built in 1905, was taken down to the studs, and completely rebuilt in 2021. It features a ground floor retail space, a designated storage area, one large two bedroom unit, and two three bedroom units. All units are equipped with washer/dryer sets, tankless water heaters, and furnaces designed to accommodate future A/C condensers. The corner building operates on a single water meter; tenants pay 80% of the total bill, while the owner covers the remaining 20%. There are seven parking spaces on site, including three garage spots. A low rate mortgage from Fremont Bank, adjusting in April 2027, may be assumed or modified, subject to buyer qualifications.
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Features
Building Area Total
  1. 6075.00
Carport Spaces
  1. 0.00
Insurance Expense
  1. 5784.00
Otherexpense
  1. 12958.00
Parcel Number
  1. 044497500101
Roof
  1. Composition
  2. Flat
Totalexpenses
  1. 47729.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2021
Year Built Source
  1. Other
Zoning
  1. RM-4