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Listed by Willem Bos • COMPASS
$ 5,350,000
Est. payment | /mo
24,960 SqFt
$ 5,350,000
Est. payment | /mo
24,960 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 24,960 sqft
Price per Sqft $214
MLS Listing ID 41091342
HOA Y/N No
Originating Board Bridge AOR
Year Built 1967
Lot Size 0.285 Acres
Property Sub-Type 5 or More Units
Property Description
561 Oakland Avenue, an immaculate 22-Unit apartment community in Oakland's Grand Lake neighborhood. The property comprises of one oversized 1,500 Sf Penthouse, nine (9) 2 bedroom - 2 bathroom Units, and twelve (12) 1 bedroom - 1 bathroom Units totaling 24,960 square feet. Amenities include 22 garage parking spaces, balconies with views, and a tenant on-site laundry room. This pride of ownership property has never seen the market since its original construction, allowing it to stand out for its pristine cleanliness, exceptional upkeep, and historically low vacancy rate, demonstrating the strong demand for this location. Don't miss this rare opportunity to secure a turnkey multifamily asset in one of Oakland's most desired neighborhoods. 561 Oakland Avenue is located just three blocks from the Piedmont Avenue shopping district. Residents can enjoy the convenience of various choices, from Michelin-starred restaurant Commis to the historic Piedmont Theatre to the casual Barney's Gourmet Burgers and various other restaurants and shopping options. Commuters will find the property's proximity to city bus lines and the MacArthur BART Station, which allows access to the entire Bay Area, highly convenient. Additionally, the property is a short 0.4-mile walk t
Location
State CA
County Alameda
Interior
Heating Other
Cooling None
Flooring Hardwood, Tile, Vinyl, Carpet
Fireplace No
Laundry Coin Operated
Exterior
View Bay, Bay Bridge, Downtown, San Francisco
Building
Lot Description Regular
Water Public
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Ray Marquez
Broker-Associate | Lic# CA DRE#01800314 AZ# BR70577800