1524 7Th Ave 1524 7Th Ave Oakland, California 94606 United States
1524 7Th Ave Oakland, California 94606 United States
$1,200,000
Commercial1 of 16
Get directions
- 5,240 Sq Ft.
- Interior
- 8,315 Acres
- Exterior
- Commercial
- Property type
- 1895
- Year Built
- 40988149
- Web Id
- 40988149
- MLS ID
- 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
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