240-244 Grand Ave | Oakland, CA 94610
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- LoopNet Team
240-244 Grand Ave
Oakland, CA 94610
Park Terrace Apartments · Multifamily Property For Sale · 22 Units
INVESTMENT HIGHLIGHTS
- Four studios, 12 1bd/1bth, five 2bd/1bth, and one commercial space-all w/significant rental upside.
- On site coin operated laundry, outside patio common area, and an amazing & aesthetically appealing exterior design.
- Over $215,000 in rental upside upon turnover, tenant buyouts, or capital improvement pass-throughs.
- Tremendously well located directly across from Lake Merritt, walking distance to 19th St BART and other local attractions.
- Private gated access, newly upgraded stairwells, new boilers, and many other upgrades.
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 20,441 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 1915 |
| Building Class | B |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 20,441 SF |
| No. Stories | 4 |
| Year Built | 1915 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 676 |
| 2+1 | 5 | - | 855 |
| Studios | 5 | - | 595 |
PROPERTY TAXES
| Parcel Number | 010-0770-008-00 | Improvements Assessment | $3,951,990 |
| Land Assessment | $1,698,300 | Total Assessment | $5,660,895 |
PROPERTY TAXES
Parcel Number
010-0770-008-00
Land Assessment
$1,698,300
Improvements Assessment
$3,951,990
Total Assessment
$5,660,895
ZONING
| Zoning Code | CN-3/S-12 (CN-3 Neighborhood Commercial - 3 Zone) |
| CN-3/S-12 (CN-3 Neighborhood Commercial - 3 Zone) |
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