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Listed by Nicole Norris • Marquardt Property Management • 510-530-2050
$ 1,095,000
Est. payment | /mo
6,426 SqFt
$ 1,095,000
Est. payment | /mo
6,426 SqFt
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 6,426 sqft
Price per Sqft $170
Subdivision Clinton
MLS Listing ID 41139459
HOA Y/N No
Year Built 1919
Lot Size 0.308 Acres
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
Rare opportunity to acquire a well-maintained 11-unit Queen Anne Victorian offering distinctive architectural character, established rental income, and long-term, stable tenancy. Built in 1892, this three-story property features a mix of studio and one-bedroom residences, a wraparound porch, high ceilings, a long tandem driveway, finished basement space, and an open front yard. Significant capital improvements include approximately $135,000 in permitted electrical upgrades, a permitted earthquake-resistant reinforced perimeter foundation with shear-wall protection, and a garage roof replacement completed in 2016. Current scheduled rental income is $12,412.48 per month. Offered at $1,095,000, the property presents an attractive 7.4 GRM based on seller-provided financial information. The property carries a City of Oakland historic designation and is reportedly exempt from the Soft Story Ordinance. A distinctive Oakland multifamily investment combining historic charm, established income, consistent ownership care, and long-term investment potential.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Building
Lot Description Corner Lot
Water Public
Others
Special Listing Condition Offer As Is
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