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$2,700,000
Est. payment /mo
5,998 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82003158
HOA Y/N No
Year Built 1910
Annual Tax Amount $47,305
Lot Size 5,998 Sqft
Property Description
Marcus & Millichap is pleased to present 918-920 Oak St, a stunning 12-unit apartment community, located one block from Laney College, and a few steps from Lake Merritt. The asset features 8,019 square feet, offering its tenants twelve beautifully designed one-bedroom floor plans each with their own den. Oak Street Apartments offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach other major hubs within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. With a world-class location in the heart of East Bay, 918-920 Oak St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options. 918-920 Oak Street features exceptional bank financing at 70% loan-to-value, with current return metrics at nearly a 7.00% CAP and 9.27 GRM.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning D-LM-2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 29311
Special Listing Condition Standard
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Listed by Eymon Binesh • Marcus & Millichap