1537 8th Ave, Oakland, CA 94606
  • MLS#: 41107444 ( )
  • Street Address: 1537 8th Ave
  • Viewed: 5
  • Price: $3,175,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 67
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94606
  • Provided by: Transwestern Property Co.
  • Contact: Mairaj Mairaj
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A rare opportunity to acquire a well located, extensively renovated 20 unit multifamily asset in Oaklands Clinton neighborhood. The property features a desirable unit mix of (18) 2bd/1ba and (2) 1bd/1ba units, with 17 units already renovated to a modern standard. With several recent upgrades and minimal deferred maintenance, this asset boasts strong in place cash flow with additional upside as remaining units are turned. Over the past several years, the property has undergone significant capital improvements, including updated interiors, new finishes, upgraded building systems, and improved curb appeal. The renovated units feature contemporary kitchens, updated bathrooms, modern flooring, and dual pane windows. Common areas and exterior surfaces have also been well maintained, making this a turnkey investment in a neighborhood seeing continued demand and growth. The property is currently in pre foreclosure and is being offered subject to short sale approval by the lender. All offers must be contingent upon bank approval.
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Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. None
Heating
  1. Wall Furnace
Lot Features
  1. Level with Street
Parcel Number
  1. 201756
Sourcesystemkey
  1. 41107444:BMLS
Tenant Pays
  1. Gas
Year Built
  1. 1961