REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jeffrey Bullock
[email protected]$ 999,000
Est. payment /mo
Open Sat 1PM-4PM
1914 51st AVE Oakland, CA 94601
10,188 Sqft Lot
Open House
Sat Jun 20, 1:00pm - 4:00pm
Sun Jun 21, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82050931
HOA Y/N No
Year Built 1924
Annual Tax Amount $12,500
Lot Size 10,188 Sqft
Property Description
Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements and renovations over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approximately one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout the property. Units have been remodeled and updated as needed over time, including wall, ceiling, and sheetrock improvements. The property offers a desirable unit mix with strong in-place rental income and additional upside through the vacant unit. Two garages are scheduled to be delivered vacant at close of escrow, providing flexibility for owner use, tenant amenities, or potential additional income opportunities. A well-maintained asset with substantial recent improvements, stable occupancy, and future income potential, this property presents an attractive opportunity for both investors and owner-users seeking long-term value.
Location
State CA
County Alameda
Zoning Multi
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 0352381025
Special Listing Condition Standard
Listed by Joe Velasco Coldwell Banker Realty #01309200
NEARBY SCHOOLS & PROPERTIES
Spotlight Communities