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$ 1,100,000
$ 1,050,000 4.8%
Est. payment | /mo
3,998 Sqft Lot
$ 1,100,000
$ 1,050,000 4.8%
Est. payment | /mo
3,998 Sqft Lot
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41082599
Sold Date 03/18/25
HOA Y/N No
Year Built 1907
Lot Size 3,998 Sqft
Property Description
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 0 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.
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 2
Building
Lot Description Street Level
Others
Tax ID 2013612
Financing Cash
Listed by Joey Wang • Keller Williams Realty
Bought with Ruth Goldstone • Red Oak Realty
Bought with Ruth Goldstone • Red Oak Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "