1753 16th Ave Oakland, CA 94606
Listing Courtesy of: bridgeMLS / Red Oak Realty
$975,000
6
BED
4
BATH
4,074
SQFT

  1753 16th Ave Oakland, CA 94606

Active (77 Days)

Description

1753 16th Ave is a 4plex with 1 vac unit located in Oaklands San Antonio district within close proximity of a vibrant commercial zone w/restaurants, shops & services. Originally built in 1910, this building consists of two 2 BD/1 BA units & two 1 BD/1 BA units. The property presents an opportunity for immediate cash flow with rental upside*. All tenants are on mo-to-mo leases w/most at below market rents. This allows for the next investor the opportunity to raise rents upon turnover & increase cash flow. Newer roof & misc improvements from 2018-2022; all units are separately metered for PG&E. 1749 (Upstairs): 2BD/1BA - 1,063sf - $1,500/mo 1751 (Downstairs): 1BD/1BA - 635sf - $900/mo 1753 (Downstairs): 1BD/1BA - 1,080sf - $1900 projected/mo 1755 (Upstairs): 2BD/1BA -1,052sf - $1,500/mo (OHA Sec 8) On-site laundry & storage. Centrally located, convenient freeway access. Banked rents since 2018 *Buyer to investigate with Oakland RAP regarding allowable deferred rent increases.

MLS #:
40993500
Lot Size
5,520 SQFT
Type
Multifamily
Year Built
1910
Views
Downtown, Hills, Other
County
Alameda County
Community
San Antonio Park
Bathroom Details
Subdivision
  • San Antonio Park
Lot Information
  • Corner
  • Up Slope
Heating and Cooling
  • Gas
  • Fireplace Insert
  • Wall Furnace
  • No Air Conditioning
Flooring
  • Laminate
  • Linoleum
  • Carpet
Exterior Features
  • Masonite
  • Stucco
  • Siding - Other
  • Roof: Other
Utility Information
  • Sewer: Sewer System - Public, Water - Public
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 02, 2022
Price Changed
$975,000
-3%
-25,000
May 17, 2022
Original Price
$1,000,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Intero Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
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