This eight-unit property at 2883 Brookdale Avenue in Oakland offers a prime value-add opportunity for investors. The unit mix includes one two-bedroom, two-bathroom unit; four two-bedroom, one-bathroom units; one one-bedroom unit; and three studio units, with four of the units being non-conforming. This unique configuration provides flexibility for potential reconfiguration or legalization, unlocking significant upside potential. Located in a desirable Oakland neighborhood, the property benefits from strong rental demand and proximity to major amenities and transportation. The ample off-street parking is a valuable feature, enhancing tenant convenience and appeal. With some strategic renovations and adjustments, this property has the potential to command higher rents and increase overall returns. This is a rare opportunity to invest in a property with both immediate cash flow and long-term growth potential in a thriving market. Don’t miss out on the chance to add this promising asset to your portfolio. Seller Financing Available!
The income description goes here to explain
List Price | $995,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 8 spots |
Year Built | 1915 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 2785358 |
MLS # | 41071956 |
Property ID | 320822864 |
Lot Sqft | 8,241 |
Zoning | Unknown |
Total Units | 8 |
Days on Market | 109 |
Original List Price | $995,000 |
Date Updated | September 30, 2024 |
Date Created | September 04, 2024 |
Nolan Jones an agent of . Lic #01509417
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT