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Listed by Steven Crane • Morley Fredericks Real Estate Services
$ 1,875,000
Est. payment | /mo
3,750 SqFt
$ 1,875,000
Est. payment | /mo
3,750 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $500
Subdivision Adams Point
MLS Listing ID 41143661
HOA Y/N No
Year Built 1922
Lot Size 0.259 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
Truly unique (6 unit) pride of ownership property within 2 blocks of Grand Ave & Lake Merritt. Comprised of (6) completely detached single-story cottage units-(4) 2-bedrooms & (2) 1-bedroom (may be converted to 2s). Property was carefully renovated in 2016-17 to modernize every facet of the structures & systems, while preserving original craftsman charm&character. Improvements at that time included new sewer lateral,drainage,concrete driveway,repaved parking lot, foundations, retaining walls, plumbing & electrical systems, windows, doors, roofs, stucco, water heaters, furnaces, sub-water meters, appliances & more. Kitchens & baths thoroughly renovated in (5) of the (6) units. Hardwood floors & upgraded tile throughout, wood-burning fireplaces in most units, in-unit laundry in (4)of(6) units, ind. submeters for water, central heating, ample storage beneath each unit, low maint. landscaping & mgmt. With SF rents heating up, history shows Adams Point & Lake Merritt will benefit. Fully leased. Initial leaseups post renovation in 2017 were $3250-$3350. Ideal for 1031
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling None
Flooring Hardwood, Tile
Fireplace Yes
Appliance Refrigerator
Laundry In Unit
Building
Lot Description Rectangular Lot
Water Public
Others
Special Listing Condition Standard
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