Property Description

Rare mixed-use residential and commercial mixed-use investment with excellent cash flow potential. The current cap rate is 8.93% and the current GRM is 8.3. The property was originally built in 1933, offers approximately 3,187 square feet of rental space, and sits on a 5,500 square foot lot with ample room for parking. The unit mix offers one 2bd/1bth unit, one studio unit, one retail unit, and a large 2,000 square foot warehouse. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The retail unit, warehouse, and studio unit will all be delivered vacant at closing providing a perfect opportunity for an investor or owner-user. The location is conveniently located near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, and has easy access to HWY880. There are countless restaurants and shopping options nearby making this a desirable location for tenants.

Features
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Address Map
CA
Alameda
Oakland
94601
3617 San Leandro St
0
W123° 46' 36.9''
N37° 46' 23.4''
37th Ave to San Leandro St
MLS Addon
The Pinza Group, Inc
David Howarth
david@pinzagroup.com
: Other
R01360348
OBPINZA
: Other
: Public

Residential Income For Sale

3617 San Leandro St, Oakland, California 94601

3,187 Sqft
$595,000
Listing ID #41081278
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 41081278
Price : $595,000
Square Footage : 3,187 Sqft
Year Built : 1933
Lot Area : 5,500 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent