A rare opportunity to acquire a well-located, extensively renovated 20-unit multifamily asset in Oakland’s Clinton neighborhood. The property features a desirable unit mix of (18) 2bd/1ba and (2) 1bd/1ba units, with 17 units already renovated to a modern standard. With several recent upgrades and minimal deferred maintenance, this asset boasts strong in-place cash flow with additional upside as remaining units are turned. Over the past several years, the property has undergone significant capital improvements, including updated interiors, new finishes, upgraded building systems, and improved curb appeal. The renovated units feature contemporary kitchens, updated bathrooms, modern flooring, and dual-pane windows. Common areas and exterior surfaces have also been well maintained, making this a turnkey investment in a neighborhood seeing continued demand and growth. The property is currently in pre-foreclosure and is being offered subject to short sale approval by the lender. All offers must be contingent upon bank approval.
Property Details
Price:
$3,175,000
MLS #:
41107444
Status:
Active
Baths:
0
Address:
1537 8th Ave
Type:
Residential Income
City:
Oakland
Listed Date:
Aug 7, 2025
State:
CA
ZIP:
94606
Lot Size:
15,000 sqft / 0.34 acres (approx)
Year Built:
1961
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Lot Features
Level with Street
Parking Spots
10.00
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address1537 8th Ave Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94606
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1537 8th Ave
Oakland, CA
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