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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 - -

PROPERTY TAXES

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