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Listed by Steven Peterson • Infinity Investments peterson.infinity@gmail.com
$ 9,874,000
Est. payment /mo
Active
5412 Claremont Ave Oakland, CA 94618
16,830 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,830 sqft
Price per Sqft $586
Subdivision Rockridge Area
MLS Listing ID 41126873
HOA Y/N No
Year Built 1963
Lot Size 10,150 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland's premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco's Financial District and seamless highway connectivity via Route 24. This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas + electric meters. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market
Location
State CA
County Alameda
Interior
Heating Electric, See Remarks
Cooling See Remarks
Flooring Other
Fireplace No
Building
Lot Description See Remarks
Others
Special Listing Condition Standard
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