1140 E 22nd Street, Oakland, CA 94606
- $1,640,000
Listed by Timothy Warren, (510) 336-4719 from NAI Northern California
(If provided) CoList: from
- List Price
- $1,640,000
- Price Change
- ▼ $85,000 1775183971
- MLS#
- EB41123228
- Status
- ACTIVE
- Lot Size
- 7,950
- Listing Area
- Oakland Zip Code 94606
- Year Built
- 1966
Property Description
6.77% Cap Rate! 1140 E 22nd Street, a fully-renovated 5-unit property located in Oakland's Clinton neighborhood. The property consists of one (1) large 3-bedroom 2-bathroom unit totaling 1,100 square feet, one (1) 2-bedroom 2-bathroom unit, and three (3) 2-bedroom 1-bathroom units. Each unit has its own private balcony, modern gourmet kitchen with premium appliances, new bathrooms, huge closets, vinyl wood flooring, recessed LED lighting, and brand new modern design laminate glass entry door. Each unit is also individually metered for gas, electricity, AND water, limiting the operating expenses. This is an excellent opportunity to acquire a fully occupied, turn-key, stabilized asset. The property is located in the charming Clinton Neighborhood of Oakland just blocks from Lake Merritt. Situated south of Grand Avenue, the location allows tenants the convenience of Trader Joe's, Starbucks Coffee, and various cafes and shops, all within walking distance. Tenants may also indulge in the best of Oakland's restaurants and nightlife, including the charming Grand Lake Theatre just a short distance from the property. Commuters will appreciate the proximity of city bus lines and the Lake Merritt BART Station, allowing access to the entire Bay Area.
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Additional Information
- Acres
- 0.18
- Amenities
- Balcony/Patio
- Cooling System
- None
- Exterior Features
- Stucco
- Floor Covering
- Laminate, Wood, Hardwood
- Garage Parking
- Gate / Door Opener, Parking Area
- Heating System
- Wall Furnace
- Lot Size
- 7,950
- Neighborhood
- Oakland Zip Code 94606
- Numberof Units
- 5
- Roof
- Composition
- Unincorporated Yn
- Yes
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