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Listed by Marquardt Property Management
$ 1,095,000
Est. payment | /mo
6,426 SqFt
$ 1,095,000
Est. payment | /mo
6,426 SqFt
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 6,426 sqft
Price per Sqft $170
Subdivision Clinton
MLS Listing ID 41139459
HOA Y/N No
Year Built 1919
Lot Size 0.308 Acres
Property Sub-Type Apt Complex
Source Bridge AOR
Property Description
Rare opportunity to acquire a well-maintained 11-unit Queen Anne Victorian offering distinctive architectural character, established rental income, and long-term, stable tenancy. Built in 1892, this three-story property features a mix of studio and one-bedroom residences, a wraparound porch, high ceilings, a long tandem driveway, finished basement space, and an open front yard. Significant capital improvements include approximately $135,000 in permitted electrical upgrades, a permitted earthquake-resistant reinforced perimeter foundation with shear-wall protection, and a garage roof replacement completed in 2016. Current scheduled rental income is $12,412.48 per month. Offered at $1,095,000, the property presents an attractive 7.4 GRM based on seller-provided financial information. The property carries a City of Oakland historic designation and is reportedly exempt from the Soft Story Ordinance. A distinctive Oakland multifamily investment combining historic charm, established income, consistent ownership care, and long-term investment potential.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Building
Lot Description Corner Lot
Water Public
Schools and Properties Nearby