1430 7th Ave - Apartments FOR SALE


Oakland, CA 94606
$1,050,000 USD
510-592-4244
1430 7th Ave, Oakland, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/19
null | 5.4% Cap Rate

1430 7th Ave
Oakland, CA 94606


HIGHLIGHTS

  • Seismically retrofitted in 2022 with permits.
  • Close to several public transportation options including BART and AC Transit. Easy Hwy 880 & 580 access.
  • 6 of the 7 units have been renovated. No long term tenants. Units near market rent.

OVERVIEW

TRANSPARENT PRICE: All units are tenant-occupied and can be shown via private tour. Contact Joey at joeywang@kwcommercial.com to schedule a tour or with questions. For the offering memorandum and inspection reports, go to https://forms.gle/KkKudmgnZkEXC5kY7 Offers are due on Tuesday, February 4th, by noon. 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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

7

PRICE/UNIT

$150,000

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RM 4

APN/PARCEL ID

020-0136-012-00

ASK ABOUT THIS PROPERTY

Joey WangKW CommercialMore Info
510-592-4244

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Joey WangKW CommercialMore Info
510-592-4244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.