$1,600,000
$1,775,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
5,673 SqFt
SOLD DATE : 01/16/2024
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,673 sqft
Price per Sqft $282
Subdivision Grand Lake/Piedmont Ave
MLS Listing ID 423923224
Sold Date 01/16/24
HOA Y/N No
Year Built 1954
Lot Size 6,100 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Property Description
In the very popular Grand Lake/Piedmont Ave area, this mid-century, SEVEN UNIT building has an enviable walk score of 88. Units have fresh air entry as opposed to sharing an interior common hall with others. The building is surrounded by some 60 restaurants, cafes and pubs, two movie theaters and six grocery stores, among them Whole Foods and Trader Joe's. Attractively priced at a cap of 5.64 and a GRM of 10, the building is being offered at $253,573 per unit, comes with six parking spaces, and is on a quiet, two block long street. The Oakland mandated soft story work has been completed. Residents enjoy, besides the 60+ nearby retail, popular Saturday Farmer's Market and the amenities of Lake Merritt.
Location
State CA
County Alameda
Area Oakland Zip 94610
Interior
Heating Other, Radiant Floor
Cooling None
Flooring Wood, Carpet
Fireplace No
Window Features Dual Pane Partial,Caulked/Sealed
Appliance Washer/Dryer Leased
Exterior
Utilities Available Sewer Connected, Other, Separate Water Meter, Natural Gas Connected
Roof Type Composition
Handicap Access None
Total Parking Spaces 6
Building
Lot Description Low Maintenance, Landscape Front, Shopping Nearby, Restaurant Nearby, Near Public Transit, Freeway Nearby
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public, Meter Paid, Meter Available
New Construction No
Others
Tax ID 010079500911
Acceptable Financing Assumable, 1031 Exchange
Listing Terms Assumable, 1031 Exchange
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