1520 Madison St - Apartments FOR SALE


Oakland, CA 94612- Lakeside
$2,995,000 USD
650-546-1030
1520 Madison St, Oakland, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/14
null | 7.07% Cap Rate

1520 Madison St
Oakland, CA 94612
Lakeside


HIGHLIGHTS

  • Attractive Financing Available - Qualified investors can obtain attractive financing terms.
  • Exceptional Value-Add Investment Opportunity - Opportunity to acquire a stunning value-add multifamily asset walking distance to Downtown Oakland
  • Convenient Tenant Amenities - 1520 Madison St offers residents convenient tenant amenities such as on-site laundry and private parking.
  • Prime Oakland Neighborhood - Located in the Lakeside neighborhood known for its vibrant community and picturesque setting around Lake Merritt

OVERVIEW

1520 Madison St is a stunning 17-unit value-add investment opportunity located in the thriving city of Oakland, California. Situated on a 11,201 square foot parcel of land, the subject property was originally constructed in 1921 and has a gross building area of approximately 10,437 square feet featuring beautifully designed one-bedroom and studio floor plans. 1520 Madison St offers residents convenient tenant amenities such as on-site laundry and private parking. Lakeside is an exceptional neighborhood in Oakland known for its vibrant community and picturesque setting around Lake Merritt (0.8mi). With a mix of historic homes and modern apartments, it offers a unique architectural blend. Residents in Lakeside enjoy convenient access to Downtown Oakland featuring trendy shops, restaurants, and entertainment venues. Lakeside's strong sense of community, convenient location, and beautiful surroundings make it a desirable place to live. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 1520 Madison St presents an attractive choice for buyers due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

17

PRICE/UNIT

$176,176

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,201 SF

ZONING

R-90, Oakland

APN/PARCEL ID

008-0630-010-00

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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