Property Description

Property Narrative:

1138 E. 15th Street presents a golden opportunity to purchase a conveniently located fourplex in the heart of the Clinton neighborhood just east of Lake Merritt in Oakland, CA.

Built in 1924, 1138 E. 15th Street is a two-story property with 2,972 rentable square feet, sitting on a 3,780 square foot parcel. This wood-framed, stucco exterior building includes (2) two bedroom, one bathroom units and (2) one bedroom, one bathroom units (one unit is currently vacant). All units are separately metered for gas and electricity.  A short driveway on the west side of the building leads to off-street parking spaces at the rear of the property.

Residents will appreciate the convenient commuter location – just off Interstate 880, one block from AC Transit stops along E. 14th Street, and only 0.7 miles from Lake Merritt. With the thriving multi-ethnic scene along International Blvd. just a block away, tenants will have a plethora of popular restaurants (Pho Ao Sen, Philomena, etc.), grocery, shopping, and services available just steps from their front door.  With a “Walk Score” of 89 (“Very Walkable”, per WalkScore.com) and a “Bike Score“ of 93 (“Biker’s Paradise”, per WalkScore.com), most errands can be accomplished by foot or on bike.

1138 E. 15th Street offers a professionally managed investment property in a well-loved location that continues to grow in popularity and appeal.

Property Highlights:

• UNIT MIX: (2) 1X1 UNITS (1 UNIT VACANT) AND (2) 2X1 UNITS
• PROFESSIONALLY MANAGED BUILDING WITH CLASSIC 1920’S CHARM
• SEPARATELY METERED FOR GAS & ELECTRIC
• OFF-STREET PARKING SPACES
• PLENTIFUL ETHNIC CUISINE ALONG INTERNATIONAL BLVD. JUST BLOCKS AWAY
• ONLY 0.7 MILES TO LAKE MERRITT
• EASY ACCESS TO I-880 AND I-580
• “WALK SCORE” OF 89 (“VERY WALKABLE”) & “BIKE SCORE” OF 93 (“BIKER’S PARADISE)

Contact Nolan Jones with any questions or for showings

Nolan Jones
Broker | Real Estate Services
BRE# 01509417

nolan@theprescottcompany.com

Direct: 510.398.1622
Cell: 510.867.4806
Fax: 510.225.2423
www.theprescottcompany.com