$825,000
- Beds
- 6
- sq ft
- 3,192
1248 E 15th St, Oakland, CA 94606
1248 E 15th St
Oakland, CA 94606
- 4 days on market
Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a wellmaintained 4-unit building located near the highly desirable Lake Merritt area ofEast Oakland. With a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.Boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. The property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. Recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.Given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. Currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.Located just minutes from the iconic Lake Merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. This is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. Whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 E 15th St checks all the boxes.Don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. This is amust-see for savvy investors looking to grow their portfolio and capitalize on EastOakland's potential.
Details
Property type
Lot size
6,000 sq ft
Price per sq ft
$259
Year built
1944
HOA
No
Price History
11/20/2024
CLAW #24473677
Listed
$825,000
Schools & Community
Neighborhood:
Clinton
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/22/2024 at 10:40 PM
Listing updated: 12/19/2024 at 5:10 PM
Listed by: Daniel Withers, Matthews Real Estate Investment Services Phone #: (866) 889-0550
MLS: CLAW #24473677
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