$975,000
905 E 11th St Oakland, CA 94606
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$975,000
Est. payment /mo
2,755 SqFt
UPDATED:
08/23/2024 08:25 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,755 sqft
Price per Sqft $353
MLS Listing ID 41070068
HOA Y/N No
Year Built 1896
Lot Size 5,000 Sqft
Acres 0.11
Property Description
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 905 E 11th St, a distinguished Victorian building in Oakland's sought-after East Peralta neighborhood. This property offers seven units comprised of six studios and one 1bd/1bth unit. The current rental rates are set at approximately 40% below market, unveiling a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. With its clear potential for growth, this property stands as an excellent investment avenue suitable for both established investors and new investors looking to enter the market at a low basis. Current GRM 9.87; Market GRM 6.43; Email agent on property website for more info.
Location
State CA
County Alameda
Area Listing
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Other
Water Other
New Construction No
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Listed by Steven Pinza • The Pinza Group, Inc
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122