184 13th St , Oakland, CA 94612
  • MLS#: 41111406 ( )
  • Street Address: 184 13th St
  • Viewed: 2
  • Price: $12,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1920
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: ALAMEDA
  • City: Oakland
  • Zipcode: 94612
  • Subdivision: Downtown
  • Provided by: NAI Northern California
  • Contact: Timothy Timothy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    184 13th Street is 98 unit multifamily investment opportunity in the heart of Downtown Oakland. This six story, elevator served building spans 76,562 square feet on a 16,000 square foot corner parcel and features a well balanced unit mix of studios, one , two , and three bedroom apartments, along with secure lobby access, on site laundry facilities, and a leasing office. The property has benefited from more than $500,000 in recent capital improvements, including electrical and plumbing upgrades, a new roof, and elevator modernization. Offered at just $126,020 per unit, the asset provides an exceptional entry point into one of Oaklands most dynamic neighborhoodsless than three blocks from Lake Merritt. The property is being offered at a 33% discount to its 2022 sale price, creating an incredible basis and a rare opportunity to acquire a stabilized asset well below replacement cost.
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Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. None
Heating
  1. Electric
Lot Features
  1. Corner Lot
Netoperatingincome
  1. 876514.00
Parcel Number
  1. 2796
Roof
  1. Composition
Sourcesystemkey
  1. 41111406:BMLS
Subdivision Name Other
  1. DOWNTOWN
Tenant Pays
  1. Gas
Year Built
  1. 1920