2244 12th Ave, Oakland, CA 94606 – 41113160 - Sean Beattie Jr.

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Davide Pio • BCRE

$1,400,000

Est. payment - /mo

5,495 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,495 sqft

Price per Sqft $254

Subdivision Clinton

MLS Listing ID 41113160

HOA Y/N No

Year Built 1962

Lot Size 7,500 Sqft

Property Sub-Type 5 or More Units

Source CONTRA COSTA

Property Description

Cap Rate - 6.42% (Current) | GRM - 8.83 (Current) | Cap Rate - 8.47% | (Proforma) | GRM - 7.32 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling None

Flooring Other

Fireplace No

Laundry Coin Operated, Common Area, Dryer, Laundry Room, Laundry Equip - Leased

Building

Lot Description Corner Lot

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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2244 12th Ave Oakland, CA 94606

Sean Beattie Jr.

Key Details

Location

Interior

Building

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