Price
$ 1,600,000

705 E 18th Street, Oakland, CA 94606  

705 E 18th Street, Oakland, CA 94606  

All four units have been fully remodeled down to the studs. Upgrades include hardwood floors throughout, brand new kitchens, bathrooms, windows, and stainless steel appliances. Also, electrical, gas and plumbing have been fully upgraded. Location is superb, just six blocks from Lakeshore Ave and the heart of Lake Merritt in one of the fastest growing Real Estate markets in Oakland. 1.2 miles to Lake Merritt BART with pedestrian access to Lakeshore Ave, Uptown, and Downtown Oakland. All Units will get top end market rents with strong cash flow immediately, 5.45% projected Cap Rate. Rent Control Exemption in progress by way of the "substantial renovation" ordinance in Oakland. Current owners are awaiting their hearing date and will be able to pass the exemption to the new owners. This is an unique opportunity to own a fully remodeled, turn key investment with strong cash flow and extremely close proximity to Lake Merritt.

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Listing Type
Multi-Family
Listing ID
40792470
Lot Size
0.80 acres
Listing Status
Active
Year Built
1902
County
Alameda
Units
4
Taxes
23299.0
TaxID
021-0219-001
Listing courtesy of Keith Manson~CBRE
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    Listing Information Provided By:
    RE/MAX SYNERGY GROUP
    781 W Tennyson Hayward, CA 94544 | Phone: (510) 786-2000
    RE/MAX SYNERGY GROUP is licensed in the state of California CalBRE License #: 01305508
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.