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- LoopNet Team
524-530 8th St
Oakland, CA 94607
**UNDER CONTRACT | ACCEPTING BACKUP OFFERS** · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Huge in-place cashflow with substantial future upside in rents
- Significant capital improvements totaling over $1M
- 2 Commercial-grade kitchens located on both the second- and third-floor residential levels
- Outstanding Old Oakland location adjacent to Swan's Market
- 2 Large ground-floor commercial spaces and 39 SRO (single-room occupancy) units
- 4 Renovated restrooms located on both the second- and third-floor residential levels
PROPERTY FACTS
ABOUT 524-530 8TH ST , OAKLAND, CA 94607
The Mitchell Warren Team is pleased to present 524-530 8th Street, a 14,098 sq. ft. mixed-use building located in the thriving Old Oakland district. The building consists of two large ground-floor commercial spaces and thirty-nine micro-units. The commercial spaces are occupied by two local restaurateurs, further expressing Oakland’s vibrant community. On the second and third floor, the residential tenants enjoy the convenience of two large commercial kitchens and four updated restrooms. In addition, the property offers a new historically accurate facade and significant interior upgrades, making this a truly turn-key asset. This building provides a rare opportunity to acquire a stabilized asset in an A+ Oakland location.
PROPERTY TAXES
| Parcel Number | 001-0203-009-00 | Improvements Assessment | $3,842,591 |
| Land Assessment | $649,452 | Total Assessment | $4,492,043 |
PROPERTY TAXES
