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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Tony Zizzo, DRE #01962093 • Compass

$1,200,000

Est. payment - /mo

3 Beds

3 Baths

9,352 SqFt

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Open House

Wed May 13, 1:30pm - 2:30pm

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,352 sqft

Price per Sqft $128

MLS Listing ID ML82030778

Style Flat

Bedrooms 3

Full Baths 3

Year Built 1918

Lot Size 6,800 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

This three-story property consists of 13 units with a diverse mix of (1) 2BD/1BA, (5) 1BD/1BA, and (7) studios, appealing to a broad tenant base. Two vacant units provide immediate upside through lease-up at market rents. The asset includes 12 units in the main building and one detached rear cottage, enhancing tenant appeal with added privacy. Two units are located on the ground floor, with the other units on the second and third levels. A secured, gated entry offers additional safety and tenant retention benefits. The property totals approximately 9,352 SF on a 6,800 SF lot and is built on a concrete perimeter foundation. Parking is via street parking, unassigned, consistent with nearby properties. Units feature vintage charm with original hardwood floors and windows. Select units have been updated with modern kitchen cabinetry, countertops, and refreshed paint, allowing a new owner to continue a light value-add program. Heating is provided by wall furnaces or baseboard heaters. Conveniently located near I-880 and less than three miles from Downtown Oakland, the property is close to Lake Merritt, the Fox Theater, dining, retail, and the Fruitvale BART Station, providing easy access throughout the Bay Area.

Location

State CA

County Alameda

Zoning RM

Rooms

Kitchen Appliances - Vary by Unit, Countertop - Formica, Countertop - Marble, Freezer, Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Other

Flooring Carpet, Hardwood

Laundry None

Exterior

Parking Features No Garage, On Street

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch,Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Private

Water Private / Mutual

Architectural Style Flat

Others

Tax ID 020-0205-016

Special Listing Condition Not Applicable

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1736 23rd AVE Oakland, CA 94606