Seller Financing - 5% Interest Rate
6 Unit Apartment Building | $1,095,000 ($182,500/Unit) | Oakland, CA 94612
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,095,000
- Property Type
-
Multifamily
- Square Feet
- 4,247 SF
Listing Contacts
Timothy Warren
Verified Profile
Kent Mitchell
Verified Profile
Randell Silva
Verified Profile
- Property Info
Property Overview
SELLER FINANCING AVAILABLE! The Mitchell Warren Team proudly presents 1428 Castro Street, a 3,876 SF 6-unit property nestled in the vibrant heart of Downtown Oakland. This well-maintained property features six (6) spacious 1- bedroom, 1-bathroom units, each thoughtfully designed and individually metered for gas and electricity, ensuring lower operating expenses for the owner. Fourteen (14) off-street parking spaces provide an excellent additional income opportunity and added convenience for tenants. With an outstanding Walk Score of 93 out of 100, 1428 Castro Street is truly a Walker’s Paradise, offering unparalleled access to shops, restaurants, and entertainment. This property represents a prime opportunity to stabilize and significantly enhance cash flow in a highly desirable Downtown Oakland location. Don’t miss out on this exceptional investment opportunity.
Property Details
- Class
- C
- Year Built
- 1895
- Stories
- 3
- Property Subtype
- Manufactured Housing/Mobile Home, Office/Residential, Dormitory
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 6
Highlights
- Consists of six (6) spacious 1-bedroom, 1-bathroom units
- Fourteen (14) Off-Street Parking Spots provide an additional stream of income and convenience for residents
- Walkscore of 93 and Bikescore of 95 Make it an Attractive Choice for Potential Tenants
- Short Walk to both Oakland's City Center, a Major Downtown hub, and Preservation Park
- Just Four blocks to the 12th Street BART Station Offering Complete Bay Area Access
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