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$1,120,000
Est. payment /mo
3,336 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 41153613
HOA Y/N No
Year Built 1927
Lot Size 3,336 Sqft
Property Description
Oakland Mixed-Use Investment Opportunity – Approximately 7.45% Projected Cap Rate!**An excellent opportunity to own a versatile mixed-use property featuring four 1-bedroom/1-bathroom residential units and one ground-floor commercial space. All four residential units have been renovated and are currently vacant, allowing the new owner to select tenants. Conveniently located with easy access to Highway 580, nearby retail amenities, and parks, the property offers a combination of residential and commercial investment potential. According to Apartment List's July 2026 rental data, Oakland's median one-bedroom rent was approximately **$2,077 per month, representing a 13% increase year over year.** This rental-market growth provides encouraging context for investors. Continued economic activity in San Francisco Bay Area may also support regional housing demand. Four renovated residential units. One commercial space. Flexible leasing opportunities. Approximately 7.45% projected cap rate. A compelling opportunity to invest in Oakland's mixed-use real estate market. **Don't miss it!**
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Carpet, Laminate
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features On Street
Building
Lot Description Back Yard, Sloped Up, Yard
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Sophia Chan MJE Real Estate, Inc. #01722769
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