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2450 Martin Luther King Jr Way
Off-Market Call for Pricing
Call for Pricing
- 10 Units
- Unknown Sq Ft
- 4,784 Sq Ft
- Unknown Cap Rate
Description
www.2450mlk.com; 10-unit West Oakland mixed-use investment offering five commercial units and five residential units with excellent upside. Current Cap rate: 8.80%, Current price/unit: $99,500! The property was originally built in 1970, offers approximately 3,200 square feet of rental space, and sits on a 4,784 square foot lot with multiple off-street parking spaces. The commercial units are large and in rent-ready condition. The residential units include four studio units and one 1bd/1bth unit. The property is easy to manage and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition, with no deferred maintenance, making this an easy building to manage. Two commercial units and one residential unit can be delivered vacant or leased at market rate before the close of escrow offering maximum flexibility. The current tenants are stable with rents 50% below market providing for huge rental increases upon move-out or???????????????????????????????????????? buyouts.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $995,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 5 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 867549 |
| MLS # | 41064898 |
| Property ID | 320624268 |
| Lot Sqft | 4,784 |
| Zoning | Unknown |
| Total Units | 10 |
| Date Updated | September 30, 2024 |
| Date Created | June 28, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David Howarth an agent of . Lic #01360348
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT