2624 Foothill Blvd, Oakland, CA 94601
2624 Foothill Blvd, Oakland, CA 94601
2624 Foothill Blvd, Oakland, CA 94601
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$6,995,000
Est. payment /mo
0.26 Acres Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Fruitvale

MLS Listing ID 41130335

HOA Y/N No

Year Built 1928

Lot Size 0.262 Acres

Property Sub-Type Apartment

Property Description

This very nostalgic 3 story marina style building property located at 2624 Foothill Blvd in Oakland California. Building description size is 29,423 square feet with 40 units. It is a great central business district location. It is in the heart of Oakland's Fruitvale district close to Lake Merritt. It has a concrete foundation, wood frame on .26-acre lot. The majority of the units have been substantially renovated. With 37% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. The subject is a 40-unit apartment building which is three stories over a basement with 37% upside in the rents. The prior owner replaced reportedly rough half of the windows. The subject has a key fob entrance. There is a beautiful penthouse that has a view. The basement has a poured concrete foundation and perimeter walls and an open beam ceiling. The complex unit mix is 18 studios, 19 (1) bedrooms and 3 (2) bedrooms. The property is individually metered for gas and electricity. There is a laundry room generating extra monthly income and as a convenience for the residents. The interior finishes of the units contain carpet or wood flooring in living and be The soft story work is completed as well as the sewer lateral.

Location

State CA

County Alameda

Interior

Fireplace No

Others

Tax ID 267382

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Listed by Steven Peterson Infinity Investments #01746140

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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