RARE 6 UNIT INVESTMENT PROPERTY—3 UNITS VACANT
Rare find in a quiet Bella Vista neighborhood of these unique and charming six view flats in three free-standing
two-story buildings each spread over on a 9,500+ square foot lot surrounded with mature trees, garden, and
private driveway. The popular Lake Merritt and the shops, restaurants, and services are in a proximity range.
Highland Hospital and as well as Park Boulevard are a short walk of distance. The property is also in a great
commuter hub with BART, or 580, 880, 980, and near major transportation.
They have immaculately maintained three free-standing buildings: two spacious one-bedroom and one-bath
flats, three two-bedroom and one-bath flats, and one three-bedroom and two baths flat with a private backyard.
Two detached garages consist of 4 parking spaces. Add the value to the property of the recent renovation of
exterior painting, new kitchens and baths, new fireplaces, new garage doors, and converting three vacant flats
into two bedrooms on adding rental value significantly. Rare find an excellent opportunity for owner user,
investor, and 1031 exchanger alike for this low maintenance property.
- Three free-standing two-story buildings on over 9,500 sq. ft. lot.
- Units with own private entrance access.
- Bay views, Cityscape, and neighborhood views.
- New kitchens, baths, and fireplaces to three vacant units.
- New garage doors and dual paned windows.
- Separately service metered PG&E and Water/Sewer.
- Individual water heaters (two are tankless).
- Deliver remodeled units, three garage spaces, and storage rooms vacant at COE.
- Immediate rent income upside.
- Major improvements during the ownership in 2017 and 2021
Listing Agent
Lucy Yeung/DRE #00715161
| Price: | $2,425,000 |
| Address: | 2823 11th Ave. |
| City: | Oakland |
| Property Type: | 6 Unit Building |
