2610 62nd Avenue, Oakland, California 94605$1,800,000 (Sold At) $1,840,000
2610 62nd Avenue is a well-maintained building with a great unit mix conveniently located in the Eastmont neighborhood of Oakland, CA.
Constructed in 1966, 2610 62nd Avenue is a two-story, wood-framed building that sits on a spacious 8,180 square foot lot with 7,598 rentable square feet. The unit mix includes (2) one bedroom, one bathroom units and (8) two bedroom, one bathroom units. Several of the units have been updated in the past few years. The property has also undergone many upgrades, including new exterior paint, double-paned exterior windows, and a new roof installed in 2016.
Tenants will appreciate the 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 property is located close to major bus lines, and just minutes to both I-880 and I-480. Mills College is just a few blocks north, Frick Middle School just one block away, and the Eastmont Town Center is accessible just a few minutes east along Bancroft Avenue.
Investors should also note that there is approximately 40.47% upside in rents.
With frontage along Bancroft Avenue and a great unit mix, the subject property at 2610 62nd Avenue is a great opportunity for investors to purchase an updated apartment building with financial upside for years to come.
- WELL-MAINTAINED, UPDATED PROPERTY
- GREAT UNIT MIX INCLUDES (2) 1X1 AND (8) 2X1 UNITS.
- 10 OFF-STREET PARKING SPACES
- THE PROPERTY HAS BEEN UPDATED WITH NEW EXTERIOR PAINT AND WINDOWS. NEW ROOF IN 2016. SEVERAL UNITS HAVE ALSO BEEN UPDATED.
- PROPERTY CONVENIENTLY LOCATED OFF BANCROFT AVENUE, CLOSE TO PUBLIC TRANSPORTATION AND FREEWAY ACCESS
Please contact Nolan Jones with any questions
2610 62nd Avenue, Oakland, California 94605
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