2515 Ivy Drive Oakland, CA 94606
Listing Courtesy of: San Francisco Association Of Realtors / Howard Realty
$1,850,000

  2515 Ivy Drive Oakland, CA 94606

Active (86 Days)

Description

Excellent income generating 8 units in the heart of Cleveland Heights and Ivy Hill - A few blocks from Lake Merritt, Oakland's main commercial corridor. The building includes storage, garage, and laundry income with a 6.08% cap rate, 11.2 GRM. The four-story building is consisted of one 2 bed 1 bath, three 1 bed 1 bath, and four studio units. This property generates great cash flow from day 1 while also having great upside potential to build two (2) additional ADU units in the back of the lot. There is also potential upside to raising tenants' rents for stronger cashflows. This is a unique opportunity to purchase a large well-maintained, low-expense building with strong upside potentials in a highly desirable location.

MLS #:
422662052
Lot Size
4,700 SQFT
Type
Multifamily
Year Built
1950
County
Alameda County
Bathroom Details
Lot Information
  • Court
  • Private
  • Garden
Heating and Cooling
  • Electric
  • Central
  • Common
Flooring
  • Vinyl
  • Tile
  • Carpet
  • Wood
Stories
  • 0
Living Area
  • 5,308 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 13, 2022
Price Changed
$1,850,000
6%
100,000
May 20, 2022
Original Price
$1,750,000
-
-

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.
Disclaimer: Listings on this page identified as belonging to another listing firm are based upon data obtained from SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Data Last Updated 8/13/22 20:44.