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(408) 425-9359
Real Estate Company
3128 Fruitvale Ave, Oakland, CA 94602
- $3,525,000
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
- List Price
- $3,525,000
- MLS#
- EB41149663
- Status
- ACTIVE
- Lot Size
- 20,000
- Listing Area
- Oakland Zip Code 94602
- Year Built
- 1950
Property Description
Renovated with huge upside: ownership has invested $492,707 in improvements since 2018, yet eight of the 14 apartments still rent below $1,300 a month, leaving 53% upside to market. The work includes six gut-remodeled units, new copper plumbing and a heat pump water heater, a sewer lateral, main electrical panels, a roof and a new parking lot. The property is Soft Story and SB 721 compliant. Offered at $3,525,000, a 6.02% current cap and 10.13 GRM, growing to a 10.36% cap and 6.69 GRM at market rents. This 18-unit mixed-use property in Oakland's Dimond District offers 14 apartments and 4 commercial storefronts across three buildings on a 20,000 SF lot with 14 surface parking spaces. The unit mix is seven 1BR/1BA units, seven 2BR/1BA units and four commercial suites. Just 0.2 miles to Farmer Joe's with easy access to I-580 and Fruitvale BART.
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Additional Information
- Acres
- 0.46
- Amenities
- Other
- Cooling System
- Other
- Days On Market
- Unknown
- Exterior Features
- Stucco, Siding - Wood
- Floor Covering
- Laminate, Wood
- Garage Parking
- Parking Area
- Heating System
- Gas
- Lot Description
- Regular
- Lot Size
- 20,000
- Neighborhood
- Oakland Zip Code 94602
- Numberof Units
- 18
- Roof
- Other
- Unincorporated Yn
- Yes
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