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$ 895,000
Est. payment | /mo
2,935 Sqft Lot
$ 895,000
Est. payment | /mo
2,935 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Upper Dimond
MLS Listing ID 41153513
HOA Y/N No
Year Built 1927
Lot Size 2,935 Sqft
Property Description
Rare 3-unit retail investment property located in the popular Lower Dimond district with excellent seller financing and great cash flow potential. The property was originally built in 1927, offers 2,648 square feet of rental space, and has excellent street frontage along MacArthur Blvd. Currently, the property is 100% occupied with stable tenants with tenants on month-to-month leases providing excellent upside for the next owner. The property is easy to manage and is separately metered for electric and gas providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a perfect opportunity for an owner-user or investor to acquire a rare retail property in a high-demand rental location. This is a high demand location in one of Oakland's most well-established commercial districts. The property is surrounded by a diverse mix of local retailers, restaurants, service businesses, fitness studios, and professional offices, the property benefits from consistent pedestrian activity and strong daily vehicle traffic, making it an attractive location for a wide range of retail, office, or service oriented businesses.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Parking Features Other
Others
Tax ID 2999040
Listed by David Howarth The Pinza Group, Inc #01360348