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150 11th St
Oakland, CA 94607
Prime Location 2 blocks to Lake Merritt BART · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,052 SF |
| Property Type | Multifamily | Average Occupancy | 25% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1907 |
| Building Class | C | Parking Ratio | 10/1,000 SF |
| Lot Size | 0.04 AC | ||
| Zoning | D-LM-4 - Current zoning allows for up to 15.91 market rate apartment units or up to 31.82 market rate rooming units. (Buyer to verify) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 6,052 SF |
| Average Occupancy | 25% |
| No. Stories | 4 |
| Year Built | 1907 |
| Parking Ratio | 10/1,000 SF |
| Zoning | D-LM-4 - Current zoning allows for up to 15.91 market rate apartment units or up to 31.82 market rate rooming units. (Buyer to verify) |
AMENITIES
UNIT AMENITIES
- Heating
- Bay Window
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Family Room
- Freezer
- Linen Closet
- Pantry
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Vintage Building
ABOUT 150 11TH ST , OAKLAND, CA 94607
Fantastic Location just a few minute walk from Lake Merritt BART with Easy and Quick 14 minute Commute to SF. Showing By Appointment Contact Listing Broker: Jon Holmquist Prime building with easy 2 block walk to Lake Merritt BART and quick commute to Downtown SF high growth job center. Huge rental upside with this prime eight-unit multifamily complex is situated in the heart of Oakland, located at 150 11th Street, Oakland, CA. The offering allows tenants to walk to the best of what Oakland has to offer, boasting a coveted walk score of 96 Walkers Paradise, and a transit score of 87. The complex is located three blocks to Lake Merritt, three blocks to Laney College, two blocks to the Lake Merritt BART station, eight blocks to 12th Street City Center BART station, five blocks to the famous Lake Chalet, and six blocks to the Oakland Marriott City Center. The current long-term owners have owned the complex over three decades and the building was recently painted and renovated with new fire system upgrades. The subject property has a fantastic unit mix of seven two-bedroom/one bath floorplans, and one one-bedroom/one bath floorplan. Unit interiors feature attractive period charm, with hardwood floors, period tile, two-tone paint, upgrades in many of the kitchens and bathrooms, and ample closet space. Units #1, #3, and #4 are all currently being held vacant, and are upgraded with a mix of newer appliances, renovated kitchens, bathrooms, and newer countertops, such that a new buyer can have maximum flexibility in either owner occupying, or re-renting. The subject property has an on-site laundry room for tenant convenience to the rear of the property, and units are individually metered for gas and electricity. This offering provides a buyer the rare opportunity to acquire a generation asset in a coveted location that benefits from superb downtown Oakland employment growth. The simple and easy to maintain building is situated on a highly visible corner, and the walkability will ensure a steady continued tenant demand.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,900 | 627 |
| 2+1 | 7 | $1,885 | 775 |
PROPERTY TAXES
| Parcel Number | 002-0081-005-00 | Improvements Assessment | $1,534,919 |
| Land Assessment | $795,900 | Total Assessment | $2,330,819 |
PROPERTY TAXES
