27
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$1,050,000
Est. payment /mo
Pending
1430 7th Ave Oakland, CA 94606-3080
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 2,914 sqft
Price per Sqft $360
MLS Listing ID MR41082599
Bedrooms 1
Originating Board Bridge MLS
Year Built 1907
Lot Size 4,000 Sqft
Property Sub-Type Five or More Units
Property Description
For the marketing package, go to https://forms.gle/KkKudmgnZkEXC5kY7. 1430 7th Avenue is a well maintained, beautiful 7-unit (3, 1BR/1BA + 4, Studio) building that showcases Oakland's iconic Queen Anne Victorian architecture. Generating over $10,000/mo in gross profit with 0 long-term tenants, this is a turnkey investment that delivers fantastic cashflow at $150K per unit. At 2,914 sq. ft., it includes an onsite laundry, basement storage for an additional income opportunity, and a driveway for 2-car tandem parking. In addition to 6 of the 7 units being remodeled, 1430 7th Ave was seismically retrofitted with permits in 2022 (bolts, steel placements, shearwalls, holddowns). Situated in the historic Clinton neighborhood and only a handful of blocks from Lake Merritt, tenants have everything they could ever need virtually on their doorstep. From bike paths and running trails to groceries and banking, there are no shortage of urban amenities to enjoy, including incredibly important public transit access (BART + AC Transit) and easy access to Highways 880 & 580. Do not miss your chance to add this meticulously maintained property to your portfolio.
Location
State CA
County Alameda
Area Other Area
Interior
Heating Forced Air, Gas, Wall Furnace
Flooring Tile, Vinyl, Carpet - Wall to Wall
Laundry Community Facility, Dryer
Exterior
Exterior Feature Concrete
Parking Features Access - Side Yard
Garage Spaces 2.0
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 20-136-12
Special Listing Condition Not Applicable
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Listed by Joey Wang • Keller Williams Realty