Oakland, CA 94611,237 41st St
Oakland, CA 94611,237 41st St
Oakland, CA 94611,237 41st St
Oakland, CA 94611,237 41st St
Oakland, CA 94611,237 41st St
Oakland, CA 94611,237 41st St
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$11,650,000

$12,950,000

10.0%
Est.Price: ?

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Est. payment /mo

0.68 Acres Lot


SOLD DATE : 08/21/2023

Key Details

Sold Price $11,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41014158

Sold Date 08/21/23

HOA Y/N No

Year Built 1956

Lot Size 0.680 Acres

Property Description

237-263 41st Street is a 48-unit apartment community located just steps from Piedmont Avenue in Oakland, CA. The property consists of two side-by-side twenty-four-unit buildings with a mix of one and two-bedroom units. Amenities include 46 covered parking spaces, four on-site laundry rooms, and storage closets. Both gas and electricity are individually metered and each unit is equipped with its own water heater. The property offers over $350,000 of annual rental upside allowing a new owner to maximize their return over time. Both buildings have been seismically retrofitted making this a true turn-key asset. This highly sought-after location will continue attracting premium tenants and maintain a low vacancy rate.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Composition

Total Parking Spaces 46

Others

Tax ID 129964 & 5

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California Regional MLS (CRMLS)
Listed by Timothy Warren • NAI Northern California
Bought with Timothy Warren • NAI Northern California
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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