New Pricing!
20 Unit Apartment Building | $3,895,000 ($194,750/Unit) | 6.77% Cap Rate | Oakland, CA 94610
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,895,000
- Property Type
-
Multifamily
- Square Feet
- 15,250 SF
Listing Contacts
Matt Treadway
Verified Profile
- Property Info
Property Overview
444 Lee Street in an incredibly well-maintained 20 unit building located just one block off of Lake Merritt in Oakland's Adams Point neighborhood. The building consists of fourteen studios, five 1Bed/1Baths and one 2Bed/1Bath unit. Tenants are attracted to the building because of it's proximity to the Lake, downtown Oakland and the old world charm throughout the building. The building is quite easy to manage with the current ownership self-managing from Marin County for the last 16 years. This is a wonderful investment opportunity in an A+ location!
The property is incredibly well located in Oakland's Adams Point neighborhood just one block off of Lake Merritt. Tenants are able to do most errands on foot with the building boasting a Walkscore of 94! Tenants can walk to local shops and restaurants in minutes, and are able to walk to downtown/BART in about 15 minutes. For those commuting by car highway 580 is just moments away. Truly and ideal location to own investment property.
The property is incredibly well located in Oakland's Adams Point neighborhood just one block off of Lake Merritt. Tenants are able to do most errands on foot with the building boasting a Walkscore of 94! Tenants can walk to local shops and restaurants in minutes, and are able to walk to downtown/BART in about 15 minutes. For those commuting by car highway 580 is just moments away. Truly and ideal location to own investment property.
Property Details
- Class
- C
- Year Built
- 1916
- Stories
- 4
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 20
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