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$1,050,000

Est. payment - /mo

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1 BD

2 BA

2,914 SqFt

New

1430 7th Ave Oakland, CA 94606-3080

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/16/2025 06:07 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,914 sqft

Price per Sqft $360

MLS Listing ID MR41082599

Bedrooms 1

Originating Board Bridge MLS

Year Built 1907

Lot Size 4,000 Sqft

Property Description

1430 7th Avenue is a well maintained, beautiful 7-unit (3, 1BR/1BA + 4, Studio) building that showcases Oakland's iconic Queen Anne Victorian architecture. Generating over $10,000/mo in gross profit with 0 long-term tenants, this is a turnkey investment that delivers fantastic cashflow at $150K per unit. At 2,914 sq. ft., it includes an onsite laundry, basement storage for an additional income opportunity, and a driveway for 2-car tandem parking. In addition to 6 of the 7 units being remodeled, 1430 7th Ave was seismically retrofitted with permits in 2022 (bolts, steel placements, shearwalls, holddowns). Situated in the historic Clinton neighborhood and only a handful of blocks from Lake Merritt, tenants have everything they could ever need virtually on their doorstep. From bike paths and running trails to groceries and banking, there are no shortage of urban amenities to enjoy, including incredibly important public transit access (BART + AC Transit) and easy access to Highways 880 & 580. Do not miss your chance to add this meticulously maintained property to your portfolio.

Location

State CA

County Alameda

Area Other Area

Interior

Heating Forced Air, Gas, Wall Furnace

Flooring Tile, Vinyl, Carpet - Wall to Wall

Laundry Community Facility, Dryer

Exterior

Exterior Feature Concrete

Parking Features Access - Side Yard

Garage Spaces 2.0

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 20-136-12

Special Listing Condition New, Not Applicable

Listed by Joey Wang • Keller Williams Realty

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA