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Listed by David Howarth, DRE #01360348 • The Pinza Group, Inc
$ 895,000
Est. payment | /mo
3 Baths
2,648 SqFt
$ 895,000
Est. payment | /mo
3 Baths
2,648 SqFt
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 2,648 sqft
Price per Sqft $337
MLS Listing ID EB41153513
Year Built 1927
Lot Size 2,936 Sqft
Property Sub-Type Multiple Dwellings / Structures
Source Bridge MLS
Property Description
Rare 3-unit retail investment property located in the popular Lower Dimond district with excellent seller financing and great cash flow potential. The property was originally built in 1927, offers 2,648 square feet of rental space, and has excellent street frontage along MacArthur Blvd. Currently, the property is 100% occupied with stable tenants with tenants on month-to-month leases providing excellent upside for the next owner. The property is easy to manage and is separately metered for electric and gas providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a perfect opportunity for an owner-user or investor to acquire a rare retail property in a high-demand rental location. This is a high demand location in one of Oakland's most well-established commercial districts. The property is surrounded by a diverse mix of local retailers, restaurants, service businesses, fitness studios, and professional offices, the property benefits from consistent pedestrian activity and strong daily vehicle traffic, making it an attractive location for a wide range of retail, office, or service oriented businesses.
Location
State CA
County Alameda
Area Oakland Zip Code 94602
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Exterior Feature Other
Parking Features Other
Roof Type Other
Building
Lot Description Other
Others
Tax ID 29-990-40
Special Listing Condition New, Not Applicable
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