539 Mandana Blvd - Apartments FOR SALE


Oakland, CA 94610- Lower Hills District
$1,795,000 USD
408-909-8629
539 Mandana Blvd, Oakland, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/19
null | 6.35% Cap Rate

539 Mandana Blvd
Oakland, CA 94610
Lower Hills District


HIGHLIGHTS

  • Features Seven Total Units Comprised of One 3bd/1bth Unit, One 2bd/1bth Unit, Five 1bd/1bth Units, and One Studio Apartment Situated on a 5,000 SF Lot
  • Four Private Garages, Full Seismic Retrofit, and PSL Compliant
  • Significant Upside Potential for Making Cosmetic Improvements
  • Prime Grand Lake Oakland Location - Boasting a Walk Score of 97 and Close to Popular Restaurants, Cafes, Schools, Shopping Options, and Transportation

OVERVIEW

Showing: Thursday 4/24 from 2pm-3:30pm 539 Mandana Blvd in Oakland offers an exceptional investment opportunity with seven units on a 5,000 SF lot. The property features a diverse unit mix, including one 3-bedroom/1-bath, one 2-bedroom/1-bath, five 1-bedroom/1-bath units, and a studio apartment. Each unit boasts hardwood flooring and kitchens equipped with gas stoves and charming vintage cabinets, with no low paying rent-controlled units. The property includes four garages, providing private parking, storage, and potential for ADU development. A full seismic retrofit and sewer lateral upgrade were completed in 2020. Located in Oakland's prime Grand Lake neighborhood with a Walk Score of 97, residents enjoy easy access to top-rated restaurants, cafes, schools, shopping, and public transportation.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

7

PRICE/UNIT

$256,429

CAP RATE

6.35%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Open House: Thurs 4/24 from 2pm-3:30pm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R-70, Oakland

APN/PARCEL ID

011-0837-032-00

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

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