This Multifamily Property is no longer advertised on LoopNet.com.
1244 2nd Ave
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
1244 2nd Avenue is a unique, 11,928-square-foot Lake Merritt multifamily/mixed-use opportunity with Oakland Rent Adjustment Program Exemption.
Ground floor features three newly renovated live/work units with attractive rental potential and a bustling corner retail position.
Remaining second and third floors comprise 12 updated residential units with modern comforts and a mix of studios, one-bedrooms, and two-bedrooms.
Ideal location just two blocks from the beauty of Lake Merritt, a short walk to Lake Merritt BART Station, and nearby shopping and dining amenities.
Near the jewel of Oakland, Lake Merritt, in East Lake, 1244 2nd Avenue is close to the urban lined salt-water lake that is a gathering place for all.
PROPERTY FACTS
No. Units
16
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.10 AC
Building Size
11,928 SF
No. Stories
3
Year Built/Renovated
1925/2018
UNIT AMENITIES
Cable Ready Crown Molding
Granite Countertops Hardwood Floors
SITE AMENITIES
PROPERTY TAXES
Parcel Number
020-0127-001-00
Improvements Assessment
$4,166,730
Land Assessment
$1,574,827
Total Assessment
$5,753,139
