2233 7th Avenue, Oakland, California 94606$2,200,000
2233 7th Avenue is a well-maintained and managed property, with a great unit mix, located in the highly desirable Ivy Hill area of Oakland, CA.
Constructed in 1953, 2233 7th Avenue is a two-story, wood-framed building with stucco exterior, that sits on a spacious 7,500 square foot lot with 4,097 rentable square feet. The unit mix includes (8) one bedroom, one bathroom units. Many of the units have been updated in the past few years. The property has also undergone some upgrades, including new exterior paint and double-paned exterior windows.
Tenants appreciate the clean landscaping and mature palm trees, spacious floor plans and off-street parking spaces. The property is also set up with a laundry room which may generate additional income for the future owner.
With easy access to public transportation and commuter routes, the subject property is also located less than 1 mile from Lake Merritt, 2 miles from Oakland’s City Center and 1 mile from the restaurants and shopping located on Lakes Shore and Grand Avenue.
Investors should also note that there is approximately 14.37% upside in rents.
The subject property at 2233 7th Avenue is a great opportunity for investors to purchase an updated apartment building, in a prime and highly desired location with financial upside for years to come.
*WELL MANAGED, TURNKEY PROPERTY IN THE HEART OF IVY HILL NEIGHBORHOOD
*UNIT MIX: (8) 1x1 UNITS - MULTIPLE UNITS HAVE BEEN UPDATED
*NEW EXTERIOR PAINT & WINDOWS, CLEAN LANDSCAPING
*OFF-STREET PARKING SPACES AND ON-SITE LAUNDRY ROOM
*CLOSE TO PUBLIC TRANSPORTATION AND FREEWAY ACCESS
Contact Nolan Jones for more information and private showings.
Broker | Real Estate Services
2233 7th Avenue, Oakland, California 94606
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