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Listed by Mairaj Din • Transwestern Property Co.
$ 3,175,000
Est. payment /mo
New
1537 8th Ave Oakland, CA 94606
0.34 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41107444
Year Built 1961
Lot Size 0.344 Acres
Property Description
A rare opportunity to acquire a well-located, extensively renovated 20-unit multifamily asset in Oakland's Clinton neighborhood. The property features a desirable unit mix of (18) 2bd/1ba and (2) 1bd/1ba units, with 17 units already renovated to a modern standard. With several recent upgrades and minimal deferred maintenance, this asset boasts strong in-place cash flow with additional upside as remaining units are turned. Over the past several years, the property has undergone significant capital improvements, including updated interiors, new finishes, upgraded building systems, and improved curb appeal. The renovated units feature contemporary kitchens, updated bathrooms, modern flooring, and dual-pane windows. Common areas and exterior surfaces have also been well maintained, making this a turnkey investment in a neighborhood seeing continued demand and growth. The property is currently in pre-foreclosure and is being offered subject to short sale approval by the lender. All offers must be contingent upon bank approval.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Exterior
Parking Features Gated
Building
Lot Description Level with Street
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944