2400 Humboldt, Oakland, CA 94601
- $475,000
Listed by Pedram Karbassi, (510) 414-5354 from BAY'S ELITE INVESTMENTS
(If provided) CoList: from
Sold listing courtesy of PEDRAM KARBASSI from
- Sold Price
- $475,000
- List Price
- $475,000
- Closing Date
- May 10, 2024
- MLS#
- EB41054227
- Status
- SOLD
- Lot Size
- 6,250
- Listing Area
- Oakland Zip Code 94601
- Year Built
- 1923
Property Description
$475,000 CASH ONLY! $79,000/Door Rare Contractors special w/ huge upside: Beautiful 1930s Mediterranean style building struck by fire. Attractive six unit building w/ five studios and one two bedroom has great cash flow potential with two units sustaining moderate fire damage and one unit gutted it to studs w/ floor joist in good shape. Building was remodeled w/ permits in mid 1980s w/ new foundation, new electrical panel, new sewer lateral and copper piping and electrical upgrades as well as new kitchen counters and shower stalls. Building was occupied prior to fire w/ studios renting at average $1500-$1550 monthly and two bedroom priced at $2250 monthly. Building is smoke damaged throughout however, washing down walls and using ozone odor removal machines should remove smoke odor. We believe structural damage could easily be completely restored without a huge financial burdent and building could turn significant cash flow for motivated builder/investor. Building comes w/ full architectural plans for restoration and can be modified by new owner. Don't miss this rare opportunity to own six units at only $79k per door, 1/3 of Market Value Pre-Fire! **Photos are from before and after the fire**
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Additional Information
- Acres
- 0.15
- Age
- 101
- Amenities
- None
- Cooling System
- None
- Days On Market
- Unknown
- Exterior Features
- Stucco, Wood Frame
- Floor Covering
- Linoleum, Wood
- Garage Parking
- No Parking
- Laundry Facilities
- Laundry Area - In Unit, Community Facility
- Lot Description
- Grade - Level
- Lot Size
- 6,250
- Neighborhood
- Oakland Zip Code 94601
- Numberof Units
- 6
- Roof
- 30
- Unincorporated Yn
- Yes
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