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(408) 425-9359
Real Estate Company
5760 Thornhill Drive, Oakland, CA 94611
- $3,200,000
Listed by Kelly Klingler, (925) 550-9540 from Wells & Bennett REALTORS
(If provided) CoList: from
Sold listing courtesy of Kelly Klingler from OBOWELL
- Sold Price
- $3,200,000
- List Price
- $4,200,000
- Closing Date
- Dec 27, 2023
- MLS#
- EB41024354
- Status
- SOLD
- Lot Size
- 28,306
- Listing Area
- Other Area
- Year Built
- 1968
Property Description
MAJOR PRICE REDUCTION! REDUCED BY $500,000! Wells & Bennett is pleased to present this exceptional, one-of-a-kind opportunity to acquire 5736-5772 Thornhill Drive, situated on approximately +/- .65 acres of land in the prestigious Montclair Community of Oakland, California (the "Property"). The property is comprised of two parcels and five buildings totaling approximately +/- 11,226 square feet. (Buyer to verify). Both parcels to be sold together. This is a mixed-use property containing (8) retail spaces and (8) residential units. The zoning is RH-4 Hillside Residential, and CN-3 Neighborhood Commercial. The property has been in the same family since 1969. Built in 1968 and in 1990, this 11,226 square foot property offers an uncommon opportunity to an investor to acquire a premium property in an excellent location. Currently 95% leased to fifteen (15) tenants on short term leases, the Property presents a rare opportunity for an investor to add-value to the property by increasing rents to market standards. With extremely low vacancy rates, and rare small units, an investor can push the rents to achieve an optimized return on investment.
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Additional Information
- Acres
- 0.65
- Age
- 55
- Days On Market
- Unknown
- Garage Parking
- Common Parking Area, Common Parking - Private
- Lot Size
- 28,306
- Neighborhood
- Other Area
- Present Use
- Retail
- Roof
- Rolled Composition, Tar and Gravel, Composition
- Unincorporated Yn
- Yes
- Zoning
- Mix
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