6.42% 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… Read More 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 and Electricity, 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. Read Less
Property listed by NAI Northern California, Timothy Warren 310-259-7556
Listing Snapshot
Days Online
55
Last Updated
Lot Size
0.18 Acres
Year Built
1966
MLS Number
41123228
Additional Details
Building
Built in 1966, Construction Materials: Stucco
Cooling
None
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Lot
0.1825 acres, CornerLot
Parking
5 total parking spaces
Roof
Shingle
Taxes
Parcel Number: 2230123
Tenant Pays
Gas
Utilities
Water Source: Private
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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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