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Listed by Alina Siert • KW Advisors, DRE#01893238
$ 4,995,000
Est. payment | /mo
14,026 SqFt
$ 4,995,000
Est. payment | /mo
14,026 SqFt
Open House
Thu Oct 15, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,026 sqft
Price per Sqft $356
MLS Listing ID ML82064076
Year Built 1964
Lot Size 0.643 Acres
Property Sub-Type Five or More Units
Property Description
32 apartments, mostly townhome style, in two 16-unit, two-story buildings on two parcels (2124 90th Ave and 2125 92nd Ave), built in 1964: 26 two-bedrooms, 5 three-bedrooms and 1 four-bedroom in about 28,000 SF on about 0.64 acres. Gated, with on-site parking and two laundry rooms. City of Oakland soft-story exemption granted in 2024. Subject to a City of Oakland regulatory agreement through 12/2032 (at least 8 units at 80% AMI or below). Market rents run about 26% above in-place rents. In East Oakland off MacArthur Boulevard with quick I-580 access, near Coliseum BART / Amtrak, Eastmont Town Center and Oakland Airport. 11.43% current cap; 13.64% pro forma cap at market rents. Taxes reflect the seller's current welfare exemption; buyer to verify. 100% occupied per the rent roll.
Location
State CA
County Alameda
Area Oakland Zip Code 94603
Zoning C-10/R-50
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 046-5471-009-02
Security Features Other
Special Listing Condition Not Applicable
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