1524 7Th Ave
1524 7Th Ave Oakland, California 94606 United States

$1,200,000
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Listing Courtesy of KELLER WILLIAMS REALTY
$1,200,000
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5,240 Sq Ft.
Interior
8,315 Acres
Exterior
Commercial
Property type
1895
Year Built
40988149
Web Id
40988149
MLS ID
Oakland Unified
School District
47
days ago
This Property is Currently Contract Pending

About 1524 7Th Ave

7 units near Lake Merritt and Downtown Oakland that can be bought for only $1.2MM using residential financing?No, its NOT too good to be true. Introducing 1518 and 1524 7th avenue, a pair of multifamily properties owned by the same family since 1946 that share a common gated entry and walkway. The first (1518) is a 1,364 sq. ft. duplex, which consists of 2, 1BR/1BA units. The second (1524) is a 3,876 fourplex that includes 2, 1BR/1BA units, 1, 3BR/1BA unit, 1, 4BD/1BA unit and a non-conforming 1BR/1BA cottage. Best of all?Additional space in the rear of the two lots presents a clear ADU development opportunity. Located in Oaklands Clinton neighborhood, these properties offer prospective investors much in the way of long-term value. Not only are the current rents below market rate, but the area is seeing a resurgence of renter interest due to its exceptional restaurants, abundant green spaces, and proximity to key commuter thoroughfares such as Interstate 880.

Listing Courtesy of Joey Wang , KELLER WILLIAMS REALTY

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Appliances
Gas Water Heater
Heating
Natural Gas, Wall Furnace
Parking Description
On Street
Water
Public

EXTERIOR

Construction
Composition Shingles, Wood Siding
Lot Description
2 Houses / 1 Lot, Back Yard
Roofing
Composition Shingles

INTERIOR

Flooring
Tile, Vinyl, Carpet
Listing Courtesy of KELLER WILLIAMS REALTY
Listing Courtesy of KELLER WILLIAMS REALTY
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