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1812 27Th Ave

Oakland, CA 94601
  • $899,000
  • STATUS: Active
  • ON SITE: 108 Days
  • ID#: 41011173
UPDATED: 59 min ago
$899,000
  • 5
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,166
    SQFT
  • $415
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

3-unit apartment complex with huge development upside up to 11 units. The current unit mix consists of one 2bd/1bth unit and two 1bd/1bth units with a large garage that can accommodate the development of four new units. The property was built in 1900, offers approximately 2,200 square feet of living space, and sits on an extra-large 10,017 square foot lot. The zoning allows for a total of 11 units (9 units and two ADUs). The highest and best use will likely be to add four units in the garage and an additional 4 units in backyard and keep the current three units. The owner recently spent $150,000 to fully remodel the front two units and another $150,000 on the garage on a new foundation, etc. to prime it for development. The two remodeled units are gorgeous with all new kitchens, bathrooms, electrical, hardwood floors, custom tile, custom lighting, stainless steel appliances, in-unit washer/dryers etc. and are leased at market rates to young professional tenants. The property is easy to manage and separately metered for PG&E with low annual operating expenses. This is an ideal opportunity for an investor, developer, or owner-occupant who is seeking a rare development opportunity with strong current cash flow.

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Contra Costa Association of Realtors logo Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2023-01-27T11:37:35.91.

www.beardrealtyteam.com/homes/133826784
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1812 27Th Ave Oakland, CA 94601

  • Price: $899,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 59 min ago
  • ID#: 41011173
5
Beds
0
Baths
0
½ Baths
0.23
Acres
2,166
SQFT
$415
$/SQFT
1900
Built
Neighborhood:
Oakland
County:
Alameda
Area:
Oakland
Property Description
3-unit apartment complex with huge development upside up to 11 units. The current unit mix consists of one 2bd/1bth unit and two 1bd/1bth units with a large garage that can accommodate the development of four new units. The property was built in 1900, offers approximately 2,200 square feet of living space, and sits on an extra-large 10,017 square foot lot. The zoning allows for a total of 11 units (9 units and two ADUs). The highest and best use will likely be to add four units in the garage and an additional 4 units in backyard and keep the current three units. The owner recently spent $150,000 to fully remodel the front two units and another $150,000 on the garage on a new foundation, etc. to prime it for development. The two remodeled units are gorgeous with all new kitchens, bathrooms, electrical, hardwood floors, custom tile, custom lighting, stainless steel appliances, in-unit washer/dryers etc. and are leased at market rates to young professional tenants. The property is easy to manage and separately metered for PG&E with low annual operating expenses. This is an ideal opportunity for an investor, developer, or owner-occupant who is seeking a rare development opportunity with strong current cash flow.
Exterior Features

Attached Garage YN Yes Carport YN No Construction Materials Other Exterior Features Back YardOther Garage YN Yes Lot Size Area 0.23 Parking Features AttachedEnclosedOff Street Parking Spaces Total 10

Interior Features

Basement FullOtherPartialSeparate EntryStorage SpaceUnfinished Building Area Total 2166 Cooling Other Cooling YN Yes Flooring Wood Heating Other Heating YN Yes

Property Features

Age 123 City Transfer Tax Yes For Sale Or Rent For Sale Listing Terms Other Lot Features Level Other Equipment None Point Of Sale Ordinance Yes Property Sub Type Triplex Special Listing Conditions Standard

Contra Costa Association of Realtors logo Listing courtesy of David Howarth of The Pinza Group, Inc: [IDXCONTACTINFORMATION].


Contra Costa Association of Realtors logo Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2023-01-27T11:37:35.91.

 
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KW Advisors | Beard Realty Team
4937 Telegraph Avenue Suite A
Oakland CA, 94609