Bought with Tariq Mojaddidi • Mojaddidi & Associates
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Key Details
Sold Price $4,925,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 13,322 sqft
Price per Sqft $369
MLS Listing ID 40938722
Sold Date 06/23/21
HOA Y/N No
Originating Board BAY EAST
Year Built 1918
Lot Size 1.004 Acres
Property Description
14 single-family homes & bungalows on one parcel, plus a single-family home on a separate parcel located at 1031 53rd Street in Oakland (15-units total). Multiple exist strategy possibilities, including a lot split of four homes on 47th Street, and the sale of the single family home on 53rd. City of Emeryville approval to build three duplexes (6 total units) on the 47th Street side. Units separately metered for water, gas & electricity. Low operating expenses. Seven units delivered vacant at close for immediate upside in rents. Property needs work, however several possible exit strategies to reduce overall cost basis in the property. Desirable Emeryville Triangle/NOBE neighborhood.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling None
Flooring Other
Fireplace No
Exterior
Parking Type Space Per Unit - 1, Tandem, Other, Garage Faces Front, Uncovered Parking Space
Building
Lot Description Irregular Lot
Water Public
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