415 E 19th Street presents a rare opportunity for an investor to purchase six 2bd/1bth apartments close to the highly coveted Lake Merritt area in Oakland. While the property does not have onsite parking, it does feature an aesthetically appealing design and common area, fresh paint, and many other upgrades. The interior hallway has been recently painted and has new laminate flooring.
The next Owner can benefit by increasing income not only upon turnover, but through banked rent increases from capital improvements, doing more capital improvements to increase rents, or through tenant buyouts.
The area East of Lake Merritt and Lakeside Park is the urban community of Ivy Hill. Residents of this residential neighborhood enjoy the convenient access to two parks: FM Smith and Park Boulevard Plaza. With the latter being the largest, Park Boulevard Plaza consists of expansive green space and a horse statue. A playground can be found at FM Smith, as well as an outdoor basketball court.Residents enjoy the vibrant nightlife at Ivy Hills’ bars. AC Transit has a couple of bus lines that run in the community, so residents can get from one place to another quickly. A number of eateries and local businesses encompass Ivy Hill. Locals are just minutes from Interstate 580, Interstate 880, Laney College, and Oakland Museum of California.
CONTACT STEVEN PINZA, ESQ. FOR A COMPLETE MARKETING PACKAGE
