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Emil Soleyman

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

Listed by Joe Velasco, DRE #01309200 • Coldwell Banker Realty

$999,000

Est. payment - /mo

9 Beds

4 Baths

4,303 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 4,303 sqft

Price per Sqft $232

MLS Listing ID ML82051140

Bedrooms 9

Full Baths 4

Year Built 1924

Lot Size 10,189 Sqft

Property Sub-Type Multiple Dwellings / Structures

Source MLSListings, Inc.

Property Description

Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. Current rents: 5100A $2,400/mo, 5100B $1,320/mo (long-term tenant), 1912 $2,200/mo, 1910 $1,260/mo (long-term tenant). The fifth vacant unit has a projected market rent of approximately $2,000/month. A well-maintained asset with stable income, upside potential, and significant recent improvements.

Location

State CA

County Alameda

Zoning Multi-Res

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Detached Garage, On Street

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 035-2381-025

Special Listing Condition Not Applicable

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1914 51st AVE Oakland, CA 94601