1932-1934 Seminary Ave
Oakland, CA 94621
Multifamily Property For Sale · 4 Units

The M | K | D Group is pleased to offer this unique four (4) unit Multifamily Investment opportunity located at 1932 Seminary Avenue in Oakland, CA. This two-story, 3,218 SF building built in 1918 on a 6,000 SF lot with a beautiful front yard is constructed of wood frame and stucco on a raised foundation. Having incredibly high upside potential, the property is comprised of an impressive unit mix of two (2) 2+2 units, one (1) 2+1, and one (1) 1+1 boasting a 41% rental upside. The property is subject to the City of Oakland’s rent control program. 1932 Seminary supplies on-site parking, as well as on-site laundry which has potential for additional income, and each unit is individually metered for PG&E. It also includes new double-pane windows throughout, gas range stoves, and laminate flooring. Positioned well into East Oakland’s continuously gentrifying submarket, this investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth. The property is located on a beautiful block on Seminary Avenue lined with palm trees and is just a few blocks down from the prestigious Mills College. The nearby Bancroft Business District neighborhood is seeing a major transformation with new retail shops, restaurants, and cafes just one block from the property. Access 880 and 580 in a few minute drive, or take one of many bus lines that drop off at Bart.