1932-1934 Seminary Ave
Oakland, CA 94621
Multifamily Property For Sale · 4 Units

PROPERTY FACTS
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 3,218 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1925 |
Parking Ratio | 1.24/1,000 SF |
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Family Room
- Handrails
- Patio
- Porch
SITE AMENITIES
- Fenced Lot
- Gas Range
- Recycling
- Public Transportation
ABOUT 1932-1934 SEMINARY AVE , OAKLAND, CA 94621
The M | K | D Group is pleased to offer this unique four (4) unit Multifamily Investment opportunity located at 1932 Seminary Avenue in Oakland, CA. This two-story, 3,218 SF building built in 1918 on a 6,000 SF lot with a beautiful front yard is constructed of wood frame and stucco on a raised foundation. Having incredibly high upside potential, the property is comprised of an impressive unit mix of two (2) 2+2 units, one (1) 2+1, and one (1) 1+1 boasting a 41% rental upside. The property is subject to the City of Oakland’s rent control program. 1932 Seminary supplies on-site parking, as well as on-site laundry which has potential for additional income, and each unit is individually metered for PG&E. It also includes new double-pane windows throughout, gas range stoves, and laminate flooring. Positioned well into East Oakland’s continuously gentrifying submarket, this investment presents an excellent opportunity for an investor to capitalize on a densely populated area that continues to experience rapid rent growth. The property is located on a beautiful block on Seminary Avenue lined with palm trees and is just a few blocks down from the prestigious Mills College. The nearby Bancroft Business District neighborhood is seeing a major transformation with new retail shops, restaurants, and cafes just one block from the property. Access 880 and 580 in a few minute drive, or take one of many bus lines that drop off at Bart.
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 1 | - | - |
2+2 | 2 | - | - |
1+1 | 1 | - | - |
LINKS
PROPERTY TAXES
Parcel Number | 038-3214-004-00 | Improvements Assessment | $490,274 |
Land Assessment | $210,117 | Total Assessment | $700,391 |
ZONING
Zoning Code | RM-4, Oakland |
Listing ID: 16123219
Date on Market: 5/21/2019
Last Updated:
Address: 1932-1934 Seminary Ave, Oakland, CA 94621
The Middle East Oakland Multifamily Property at 1932-1934 Seminary Ave, Oakland, CA 94621 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS
- East Oakland Apartment Buildings
- Downtown Oakland Apartment Buildings
- Oakland Hills Apartment Buildings
- South Berkeley Apartment Buildings
- Cleveland Heights Apartment Buildings
- Middle East Oakland Apartment Buildings
- West Oakland Apartment Buildings
- San Antonio Apartment Buildings
- North Berkeley Apartment Buildings
- South Shore Apartment Buildings
- Jack London Square Apartment Buildings
- Westlake Apartment Buildings
- Pill Hill Apartment Buildings
- Southwest Berkeley Apartment Buildings
- East Lake Apartment Buildings
NEARBY LISTINGS
- 6638-6646 MacArthur Blvd, Oakland CA
- 2820 Park Blvd, Oakland CA
- 3027 Capp St, Oakland CA
- 1528 Alice St, Oakland CA
- 2810 Garden St, Oakland CA
- 8016 MacArthur Blvd, Oakland CA
- 2336 92nd Ave, Oakland CA
- 1003 85th Ave, Oakland CA
- 149 Montecito Ave, Oakland CA
- 3541 Dimond Ave, Oakland CA
- 1630 35th Ave, Oakland CA
- 27-31 Excelsior Ct, Oakland CA
- 2451 Seminary Ave, Oakland CA
- 2112 35th Ave, Oakland CA
- 3142 Coolidge Ave, Oakland CA