3838 West St
Oakland, CA 94608
733 Apgar/3838 West St Redevelopment & Retail · Retail Property For Sale

733 Apgar St/3838 West St is a self sufficient, well run laundromat with newer laundry equipment and vending machines. The in place tenant has remodeled the interior to include updated plumbing, electrical, and amenities. Further, although the tenant has three years left on the lease, they are willing to vacate the property immediately if the next Owner wishes. Currently the tenant pays all utilities associated with the property. The property sits on a 6,000 sqft corner lot in the popular neighborhood of Longfellow in North Oakland. This property offers a tremendous redevelopment opportunity similar to many other ongoing development projects nearby. While there is tremendous upside for re-renting the building to another tenant, the property is currently zoned for commercial use located in Section RM-4/C, which permits a developer to build a residential, retail, or mixed use building. Based on the lot square footage and building requirements, a developer should be able to build four or more units so long as the mandatory parking and set back is achieved, and the building is not built higher than two stories. The property is conveniently located right next to the East Bay Bridge Shopping Center, MacArthur Bart Station, and just outside of downtown Oakland. This is a true commuters dream with quick and easy access to multiple freeways, and several public transportation options to choose from. Longfellow has seen an influx of new residents and boasts as one of the Bay Area’s more resilient real estate markets. It is just below the Berkeley border and wedged between Adeline Street to the west, Highway 24 to the east and Interstate 580 to the south. With Longfellow becoming one of the most desired locations in all of Oakland, making this an exciting time to invest in this neighborhood!