2232 Ivy Dr - Apartments FOR SALE
Oakland, CA 94606 |
2232 Ivy Dr
Oakland, CA 94606
HIGHLIGHTS
- Ivy Hill Location — Just East of Lake Merritt, 2232 Ivy Dr is 1.5 miles from I-580 and 5-minute drive from Lake Merritt BART
- Garage Spaces — 14 large garage spaces that currently achieve no income, can be rented for income in the future
- Pride of Ownership — Multi-family properties in Oakland, CA are one of the most sought after assets
- Banked Rent Increases — 2020 and 2021 rent increases available; 2.7% and 1.9% respectively
- Significant Value-Add Potential — With five vacant units, one down unit, banked rent increases, and 14 rentable garage spaces, there is a large amount
- Soft Story Exempt
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
16010
STORIES
3
YEAR BUILT
1927
PARKING SPACES
6
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
022-0305-001-00
