5687 Miles Ave, Oakland, CA 94618
  • MLS#: 41107799 ( Apartment )
  • Street Address: 5687 Miles Ave
  • Viewed: 8
  • Price: $4,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 84
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94618
  • Subdivision: Rockridge
  • Provided by: Marcus & Millichap
  • Contact: Joseph Joseph
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 5687 Miles Avenue, an exceptional 11 unit multifamily investment opportunity located in Oakland's premier Rockridge neighborhood. This trophy asset offers investors a rare combination of stable residential income as well as substantial commercial revenue through long term wireless carrier roof top leases. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22 minute access to San Francisco's Financial District and seamless highway connectivity via Route 24. The building's desirable unit mix of studios through two bedroom apartments commands strong rents in a neighborhood characterized by affluent demographics, including a median household income of $212,638 and exceptional walkability (Walk Score 97/100).
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Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
  2. Wood Siding
Cooling
  1. See Remarks
Heating
  1. Baseboard
Lot Features
  1. Level with Street
Netoperatingincome
  1. 285614.00
Parcel Number
  1. 1412666
Property Type
  1. Apartment
Sourcesystemkey
  1. 41107799:BMLS
Tenant Pays
  1. Gas
Year Built
  1. 1922