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Listed by Mairaj Din • Transwestern Property Co.
$3,175,000
Est. payment /mo
13,046 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Lowrise (1-3 Flrs)
Listing Status Active
Purchase Type For Sale
Square Footage 13,046 sqft
Price per Sqft $243
MLS Listing ID 41107444
HOA Y/N No
Year Built 1961
Lot Size 0.344 Acres
Property Sub-Type Lowrise (1-3 Flrs)
Source BAY EAST
Property Description
The Shivu Srinivasan Team has been retained as the exclusive listing broker for 1523–1537 8th Ave, a rare opportunity to acquire a well-located, extensively renovated 20-unit multifamily asset in Oakland's Clinton neighborhood. The property features a desirable unit mix of (18) 2bd/1ba and (2) 1bd/1ba units, with 17 units already renovated to a modern standard. With several recent upgrades and minimal deferred maintenance, this asset boasts strong in-place cash flow with additional upside as remaining units are turned. Over the past several years, the property has undergone significant capital improvements, including updated interiors, new finishes, upgraded building systems, and improved curb appeal. The renovated units feature contemporary kitchens, updated bathrooms, modern flooring, and dual-pane windows. Common areas and exterior surfaces have also been well maintained, making this a turnkey investment in a neighborhood seeing continued demand and growth. The property is currently in pre-foreclosure and is being offered subject to short sale approval by the lender. All offers must be contingent upon bank approval. For more information reach out to listing broker.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Partial Carpeting, Vinyl, Carpet
Fireplace No
Building
Lot Description Level
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Sammy Shrimali
Broker Associate | License ID: 01009299
Broker Associate License ID: 01009299