$ 745,000
515 E 11th St Oakland, CA 94606
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 745,000
Est. payment /mo
Active
515 E 11th St Oakland, CA 94606
3,181 SqFt
UPDATED:
08/23/2024 08:25 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,181 sqft
Price per Sqft $234
MLS Listing ID 41070061
HOA Y/N No
Year Built 1906
Lot Size 4,000 Sqft
Acres 0.09
Property Description
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.
Location
State CA
County Alameda
Area Listing
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Other
Water Other
New Construction No
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Steven Pinza • The Pinza Group, Inc