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600-616 51st St
Oakland, CA 94609
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Ideal opportunity to convert units to condos with the current unit mix, vacancies, and separate street entrances.
- Easy access to public transit along Telegraph Ave, Shattuck Ave, 51st Street, and Broadway. Close to Highway 24 for a short drive to downtown Oakland,
- 600 51st Street is an 11 unit, well-maintained, investment property steps away from the Temescal Shopping Center.
- 600 51st Street is across the street from Peet's Coffee, Walgreens, restaurants along Telegraph Ave, bars, & retail stores. Whole Food coming soon.
- The Subject property is situated on a Cul De Sac part of 51st Street with on and off-street parking.
- Hard Money Quote at 62.5% LTV at 6.99% Due in 1 year
Property Facts
| No. Units | 11 | Building Size | 7,778 SF |
| Property Type | Multifamily | Average Occupancy | 36% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1935 |
| Building Class | C | Parking Ratio | 0.39/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | C-28, Oakland - Neighborhood Commercial | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,778 SF |
| Average Occupancy | 36% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 0.39/1,000 SF |
| Zoning | C-28, Oakland - Neighborhood Commercial |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Garden
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 10 | - | - |
Property Taxes
| Parcel Number | 014-1216-005-00 | Improvements Assessment | $1,705,348 |
| Land Assessment | $848,960 | Total Assessment | $2,554,308 |
Property Taxes
Parcel Number
014-1216-005-00
Land Assessment
$848,960
Improvements Assessment
$1,705,348
Total Assessment
$2,554,308
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