Located in the heart of Oakland, 1519 Alice St is a historic multi-family building offering 21 residential units across 17,238 square feet of rentable space. Built in 1912, the property consists of 17 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units, providing a versatile mix of living options that appeal to a wide range of tenants. This property presents significant upside potential with a 20% rent increase opportunity, allowing investors to add value through strategic improvements and market rent adjustments. The historic charm of the building, combined with the rental upside, offers a unique opportunity to maximize cash flow and build long-term equity. 1519 Alice St is ideally located near restaurants, public transit, and major highways. Oakland’s continued growth and demand for quality rental properties make this an attractive opportunity for investors seeking both a strong rental income and potential for appreciation. Just a few blocks away, Lake Merritt provides a scenic retreat with walking and biking trails, lush green spaces, and a vibrant weekend farmers market. The area also boasts excellent public transportation, with nearby BART stations and major freeway access, making commuting to San Francisco and beyond a breeze.