Beautiful Italianate consisting of 8 units just blocks to Lake Merritt and downtown Oakland. This 3 story structure was originally built in 1870 and shares characteristics similar to many Bay Area grand residences of that period, flat roof with angled , overhanging eaves and cornices decorated with many brackets, 8’… Read More tall narrow windows on the 1st floor, windows with decorative hoods, corners of the building that have quoins extending from the ground to the roof, ornate balconies that provide a distinct break in the horizontal line of the primarily rectangular design. Starting in 2002 the building went through major renovations to address existing California Building Codes. Due to the major renovations, the building has a Certificate of Exemption from the City of Oakland Rent Adjustment Ordinance which offers immediate upside potential. The property features a grand entry, high ceilings ranging from 11-13 feet. The property has 6 off-street parking spaces, a beautiful garden area for the residents to enjoy, a partial basement which offers great storage or a possible workshop. There’s a shared laundry room and a separate laundry area for an owners unit. Pride of ownership is evident throughout. Read Less
Property listed by Western Management Properties, Inc, Bruce Chambers 510-451-7197
Listing Snapshot
Days Online
0
Last Updated
Lot Size
0.09 Acres
Year Built
1870
MLS Number
41119151
Additional Details
Appliances & Equipment
GasWaterHeater, Dryer, Washer
Building
Built in 1870, Construction Materials: WoodSiding
Cooling
None
Expenses
Other Expense: $4,932
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $188,860, Net Operating Income: $128,374
Lot
0.0918 acres, StreetLevel
Parking
6 total parking spaces
Roof
Composition, Shingle
Taxes
Parcel Number: 2838, Annual Amount: $27,635
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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