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Listed by Joe Velasco • Coldwell Banker Realty, DRE#01309200
$ 999,000
Est. payment /mo
Active
1914 51st AVE Oakland, CA 94601
9 Beds
4 Baths
4,303 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 4,303 sqft
Price per Sqft $232
MLS Listing ID ML82051140
Bedrooms 9
Full Baths 4
Year Built 1924
Lot Size 10,189 Sqft
Property Sub-Type Multiple Dwellings / Structures
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 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 (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. Current rents: 5100A $2,400/mo, 5100B $1,320/mo (long-term tenant), 1912 $2,200/mo, 1910 $1,260/mo (long-term tenant). The fifth vacant unit has a projected market rent of approximately $2,000/month. A well-maintained asset with stable income, upside potential, and significant recent improvements.
Location
State CA
County Alameda
Zoning Multi-Res
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Detached Garage, On Street
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 035-2381-025
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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