1148 E 18th St - Apartments FOR SALE
Oakland, CA 94606 |
1148 E 18th St
Oakland, CA 94606
HIGHLIGHTS
- Opportunity to purchase Old Mother’s Cookies (OMC) Lofts, encompassing 20 live/work lofts and one commercial unit in Oakland, California.
- After a change of use, the OMC Lofts received a 2009 Certificate of Occupancy that exempts owners from the Oakland Rent Control Ordinance.
- Live/work lofts range from 1,018 to 2,600 square feet, averaging 1,575 square feet, with an in-place rent at $2,763/month ($1.76/SF).
- Well-kept, with a completed Seismic Retrofit and Clean Phase I, the property has the potential to incorporate five ADUs into the commercial space.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
OMC Lofts
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
33065
STORIES
2
YEAR BUILT
1922
PARKING SPACES
10
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
021-0237-007-00
