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

  2515 Ivy Drive Oakland, CA 94606

Active (86 Days)


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

% Change
$ (+/-)
Jul 13, 2022
Price Changed
May 20, 2022
Original Price

Estimated Monthly Mortgage Payment

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Listing price
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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.