1248 E 15th St, Oakland, CA 94606 – 24-473677

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$825,000

Est. payment - /mo

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6 BD

4 BA

3,192 SqFt

Active

1248 E 15th St Oakland, CA 94606

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

UPDATED:

12/19/2024 11:49 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,192 sqft

Price per Sqft $258

MLS Listing ID 24-473677

Bedrooms 6

Year Built 1944

Lot Size 6,000 Sqft

Acres 0.1377

Property Description

Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a wellmaintained 4-unit building located near the highly desirable Lake Merritt area ofEast Oakland. With a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.Boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. The property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. Recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.Given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. Currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.Located just minutes from the iconic Lake Merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. This is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. Whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 E 15th St checks all the boxes.Don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. This is amust-see for savvy investors looking to grow their portfolio and capitalize on EastOakland's potential.

Location

State CA

County Alameda

Area San Francisco

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

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+1(702) 325-8918

marlyn4k@gmail.com