Key information
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Units 7
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Year Built 1907
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Average Unit Size 416
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Building Size 2,914
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Land Area (Sq Ft) 4,000
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Parking 2
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Separate Meters Gas, Electric
Pricing Metrics
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LORE Agent Insights
For the marketing package, go to https://forms.gle/KkKudmgnZkEXC5kY7. 1430 7th Avenue is a well maintained, beautiful 7-unit (3, 1BR/1BA + 4, Studio) building that showcases Oakland’s iconic Queen Anne Victorian architecture. Generating over $10,000/mo in gross profit with zero long-term tenants, this is a turnkey investment that delivers fantastic cashflow at $150K per unit. At 2,914 sq. ft., it includes an onsite laundry, basement storage for an additional income opportunity, and a driveway for 2-car tandem parking. In addition to 6 of the 7 units being remodeled, 1430 7th Ave was seismically retrofitted with permits in 2022 (bolts, steel placements, shearwalls, holddowns). Situated in the historic Clinton neighborhood and only a handful of blocks from Lake Merritt, tenants have everything they could ever need virtually on their doorstep. From bike paths and running trails to groceries and banking, there are no shortage of urban amenities to enjoy, including incredibly important public transit access (BART + AC Transit) and easy access to Highways 880 & 580. Do not miss your chance to add this meticulously maintained property to your portfolio.
Financial Summary
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Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
Estimated Expenses
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Utilities
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Rent Roll Object
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Listing Information
Listed By:
Joey Wang
Source:
bridgeMLS/CCAR/Bay East AOR
MLS:
41083135