Address
2710-2726 Park BLVD, Oakland, CA
Price
$ 3,745,000
Property Attributes
- MLS#ML81918577
- TypeMulti-Family
- CountyALAMEDA
- CityOakland
- AreaOakland Zip Code 94606
- Zip94606
- Style
- Price$ 3,745,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12868
- Lot Size12,702 SqFt
Data Source:
MLSListings Inc.
Property Description
Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/ great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.
| Price History | |
|---|---|
| 2/10/2023 | Listed $4,350,000 |
| 3/27/2023 | 10% - $3,915,000 |
| 10/3/2023 | 5% - $3,745,000 |
General Features
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Utilities | Public Utilities |
| Roof | Flat / Low Pitch |
| Water | Public |
| # of Buildings | 2 |
| Security Features | Window Bars |
| Restrictions | None |
| Year Built | 1950 |
| Age | 73 |
| Property SubType | Five or More Units |
| Zoning Text | RU-5 |
| Amenities Misc. | None |
| Accessibility | None |
| County | Alameda |
| Property Type | Commercial Multi-Residential (5+ units) |
| Special Listing Conditions | Not Applicable |
| Status | Active |
| City | OAKLAND |
| MLS Area | Oakland Zip Code 94606 |
| Listing Agent State License | 01820082 |
Interior Features
| Kitchen | Oven Range |
|---|---|
| Flooring | Carpet,Hardwood,Tile |
| Living SqFt | 12868 |
| Unit 2 Number of Bedrooms | 1 |
Exterior Features
| Parking Features | No Parking,On Street |
|---|---|
| Lot Size Area | 12700.00 |
| Maximum Lot Size | 12700.00 |
| Sewer/Septic | Sewer - Public |
| Meters | None |
| Foundation Details | Concrete Perimeter |
| Building Area Total | 12868 |
| Lot Acres | 0.2916 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 94606
Price
Visits
Year Built
Walkscore
Last updated: May 19, 2024 1:54 AM UTC Property Information © 2024 