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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Parking Features
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Parking Spots
4.00
Sewer
Public Sewer
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0.00
Map
Community
- Address3617 San Leandro St Oakland CA
- CityOakland
- CountyAlameda
- Zip Code94601-3445
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3617 San Leandro St
Oakland, CA
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