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.
Property Details
Price:
$595,000
MLS #:
41081278
Status:
Active
Baths:
0
Address:
3617 San Leandro St
Type:
Residential Income
City:
Oakland
Listed Date:
Jan 1, 2025
State:
CA
ZIP:
94601
Lot Size:
5,500 sqft / 0.13 acres (approx)
Year Built:
1933
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Interior
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Parking Features
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Parking Spots
4.00
Sewer
Public Sewer
Financial
Association Fee
0.00
Map
Community
- Address3617 San Leandro St Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601-3445
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Courtesy of The Pinza Group, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
3617 San Leandro St
Oakland, CA
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