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Listed by Joe Velasco • Coldwell Banker Realty, DRE#01309200
$999,000
Est. payment /mo
9 Beds
4.5 Baths
4,303 SqFt
New
1914 51st AVE Oakland, CA 94601
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,303 sqft
Price per Sqft $232
MLS Listing ID ML82050931
Bedrooms 9
Full Baths 4
Half Baths 1
Year Built 1924
Lot Size 10,189 Sqft
Property Sub-Type Five or More Units
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 Forced Air
Cooling None
Exterior
Parking Features Detached Garage, On Street
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 035-2381-025
Security Features Other
Special Listing Condition Not Applicable
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