219 John St - Multi-Family FOR SALE


Oakland, CA 94611- Piedmont Avenue
$1,100,000 USD
916-712-3990
219 John St, Oakland, CA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/47
null | 3.22% Cap Rate

219 John St
Oakland, CA 94611
Piedmont Avenue


HIGHLIGHTS

  • Opportunity to own a large Piedmont Ave Triplex under $300/SF
  • Value-Add / Repositioning Investment with 80%+ Rent Upside
  • Leverage ~80% LTV residential financing to maximize returns
  • 0.2 miles from Piedmont Ave; 0.4 miles from a new Safeway Shopping Center; 1.0 miles from MacArthur BART

OVERVIEW

Presenting 219 John Street, a rare opportunity to acquire a well-maintained 3-unit 3,914 SF multifamily property in the charming Piedmont Ave neighborhood, nestled between Rockridge and Grant Lake. This 1906 vintage Craftsman Style property sits on a quiet street with a healthy mix of single family and multifamily properties, just 0.2 miles from dining, shopping, and entertainment of Piedmont Ave. The property has a desirable unit mix featuring two (2) large 2bd/1ba units (Units 215 and 217) and one (1) large 3bd/3ba unit around the side (Unit 219). Tenants enjoy the timeless turn-of-the-century charm, the mature landscape and the ease of parking along the street when the driveway spot is unavailable. Please contact broker, Rob Chappell, for OM.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

3.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

219 John St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-2

APN/PARCEL ID

013-111-16

ASK ABOUT THIS PROPERTY

Robert ChappellNAI Northern CaliforniaMore Info
916-712-3990

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Robert ChappellNAI Northern CaliforniaMore Info
916-712-3990

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