Historical Multifamily Sale Listing - Lake Merritt Dev.

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Lake Merritt Dev.

229 International Blvd, Oakland, CA 94606

N/A

95 Units | Multifamily

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Rendering of completed property

Multifamily Property - Off Market

Price:
N/A
No. Units:
95
Building Size:
145,284 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Construction Status:
Under Construction/
Proposed
Commission Split:
2%
Lot Size:
20,200 SF
Listing ID
15780651
Last Updated
over 1 year ago

Description

A entitled project near Lake Merritt in Oakland, Ca.(2 blocks) from the lake. The city has approved the the proposed building of 94 unit resdential complex plus 1 commercial space (2989 sq ft). which makes 95 inits, with parking 99 cars plus loading space. Sq ft is just an est. total sellable space is 92,964, garage is 35,400. see attached docs.
This property has no affordable housing contingency or BMRs. All units after construction can be sold at Market prices or rented. Units above the the 2nd floor will have various types views.
Buyers of this project must complete there own engineering plans.
Size of the property should verfied by the plans this just an estimate.
Offers as theycome, discuss pricing with listing agent. Seller is very MOTIVATED, will look at all offers, take your best shot. PRUDENTIAL CAL REALTY WILL ASSIT AND PROVIDE ALL INFO. REGARDING THIS PROJECT. They are two buildings on the stite 1 is smog shop (M/M )and the other is school admin.(2years on lease) income is about $6800 Monthly. Call for plans to get e-mailed. A CD of plans can be sent to you. oe e-mailed to you.Out of the 94 units approx 72 are 2/2 units which makes great investment.

Property is about 2 blocks from Lake Merritt at 3rd ave and International Blvd.

Map of 229 International Blvd, Oakland, CA 94606 (Alameda County)

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