- Mixed-Use Investment Featuring One Retail Unit, One Residential 2bd/1bth Unit, One Residential 1bd/1bth Unit and One Large Garage/Warehouse
- Excellent Cash Flow Potential with Unlimited Possibilities
- Perfect for Owner Occupants - The Retail Unit, Warehouse, and the Studio Apartment Unit will be Delivered Vacant at Close of Escrow
- Warehouse Offers a Perfect Set-up for Business Use or Possible ADU Expansion
- Market Cap Rate: 8.93%, Market GRM: 8.3
- Price Per SqFT: $186.81, Price/Uni: $148,750
Rare mixed-use residential and commercial mixed-use investment with excellent cash flow potential. The current cap rate is 8.93% and the current GRM is 8.3. The property was originally built in 1933, offers approximately 3,187 square feet of rental space, and sits on a 5,500 square foot lot with ample room for parking. The unit mix offers one 2bd/1bth unit, one studio unit, one retail unit, and a large 2,000 square foot warehouse. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The retail unit, warehouse, and studio unit will all be delivered vacant at closing providing a perfect opportunity for an investor or owner-user. The location is conveniently located near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, and has easy access to HWY880. There are countless restaurants and shopping options nearby making this a desirable location for tenants.
Feel free to contact us for more details!
The Pinza Group (DRE: 01941229)