$1,925,000
$2,100,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1300 International Blvd Oakland, CA 94606
9,977 SqFt
Key Details
Sold Price $1,925,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,977 sqft
Price per Sqft $192
MLS Listing ID 40924047
Year Built 1925
Lot Size 6,129 Sqft
Property Sub-Type 5 or More Units
Property Description
Great property located along the rapidly developing corridor between Lake Merritt and San Antonio Park/Fruitvale. Rare opportunity to upgrade 3 (of the 5) large apartments that will be delivered vacant. Once rented, this property has a tremendous cash flow potential with a pro-forma 7.7% CAP rate and a 10x gross-rent multiplier. The restaurant has a solid clientele and 2 years left on their lease ($4200/mo and 3,000sf). In addition, the billboard on the property provides steady cash flow and the contract is up for renewal at the end of next year and primed for an increase in rent. In addition, there is a 1800sf basement workshop with separate entrance that can be rented. Roof was partially redone in 2009 and finished in 2014 . Owner installed new sewer line to 13th Ave in 2000. On-site coin-op laundry.
Location
State CA
County Alameda
Interior
Heating Natural Gas, MultiUnits
Cooling None
Flooring Hardwood, Laminate, Partial Carpeting, Tile
Laundry Coin Operated, Community Facility
Exterior
Utilities Available All Public Utilities, Cable Available, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter
View Y/N true
View City Lights
Building
Lot Description Regular
Sewer Public Sewer
Water Public
New Construction No
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with NeillSullivan