375 12th St
Oakland, CA 94607
Mixed Uses Investments · Retail Property For Sale

Mixed Uses 5 storefronts and 8 apartment units 375 12th Street, Oakland, CA 94607 great upside rent potential, added value, all month-to-month tenancy Story: Two-story with full basement Building Size:14,000. sq.ft. per assessor Lot Size:10,000. sq.ft. lot per assessor Retail Stores:4 storefronts and 1 restaurant Apartment Units:8 apartment units on 2nd floor all high ceiling, consists of five 2 bedrooms, and three 1 bedroom apartment. GSI: $486,000. proforma, NOI $340,200. proforma, at 9.5% CAP proforma. One block from Marriott Hotel, Oakland Convention Center,Oakland City Center offices, and 12th Street BART. Walking distance to all convenience. Rare golden opportunity. First time on market in 30 years. Adjacent Lot: Oakland's tourism numbers are at an all-time high and the city may now have its best shot yet at getting a new hotel. Plans are under review to build a 114-room, six-story Hampton Inn by Hilton at 378 11th St., making it one of the first major developments east of Broadway to get serious about building. (from SF Business Times May 28, 2015).