146 Grand Ave - Apartments FOR SALE


Oakland, CA 94612- Westlake
$3,750,000 USD
415-640-6411
146 Grand Ave, Oakland, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/6
null | 7.88% Cap Rate

146 Grand Ave
Oakland, CA 94612
Westlake


OVERVIEW

144-148 Grand Avenue is an incredibly well-located mixed use building just off of Lake Merritt. The property consists of twenty five apartments, two commercial/retail spaces and a 2 bedroom one bath office conversion. The commercial tenants are both successful, long term tenants that have great reputations in the neighborhood. Many apartments maintain the period detail and charm of the 1915 construction. Units have ample living space with well-planned layouts offering steam heat and gas stoves. This building gives an investor the opportunity for a low basis in an amazing location! Located just off of Lake Merritt and next to downtown the building is located in an A+ location. On a corner lot just steps from shopping the building draws in tenants that can easily walk to work downtown and take a stroll around the lake. It is an ideal place for tenants to call home. Boasting a Walkscore of 98 tenants can do just about everything on foot.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

28

PRICE/UNIT

$133,929

CAP RATE

7.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

-

APN/PARCEL ID

008-0655-005-00

ASK ABOUT THIS PROPERTY

Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

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Matt TreadwayThe Lapham Company, Inc.More Info
415-640-6411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.