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$995,000
Est. payment /mo
4 Beds
4 Baths
3,001 SqFt
UPDATED:
09/11/2024 10:03 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,001 sqft
Price per Sqft $331
MLS Listing ID EB41071956
Bedrooms 4
Originating Board Bridge MLS
Year Built 1915
Lot Size 8,241 Sqft
Property Description
This eight-unit property at 2883 Brookdale Avenue in Oakland offers a prime value-add opportunity for investors. The unit mix includes one two-bedroom, two-bathroom unit; four two-bedroom, one-bathroom units; one one-bedroom unit; and three studio units, with four of the units being non-conforming. This unique configuration provides flexibility for potential reconfiguration or legalization, unlocking significant upside potential. Located in a desirable Oakland neighborhood, the property benefits from strong rental demand and proximity to major amenities and transportation. The ample off-street parking is a valuable feature, enhancing tenant convenience and appeal. With some strategic renovations and adjustments, this property has the potential to command higher rents and increase overall returns. This is a rare opportunity to invest in a property with both immediate cash flow and long-term growth potential in a thriving market. Don't miss out on the chance to add this promising asset to your portfolio. Seller Financing Available!
Location
State CA
County Alameda
Area Other Area
Interior
Heating Gas
Cooling Air Conditioning - None
Flooring Carpet - Partial
Laundry None
Exterior
Exterior Feature Composition Shingles
Parking Features Off-Street Parking
Garage Spaces 8.0
Building
Water Public
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Listed by Nolan Jones • KELLER WILLIAMS TRI VALLEY REALTY
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