2530 Myrtle St
Oakland, CA 94607
0.11 acres | #41066726
Description
Terrific investment opportunity! 1904 Victorian fourplex centrally located in West Oakland’s McClymonds neighborhood. Two story building with four leased 1BR/1BA units. The lower units have separate entrances and the upper units are accessed through a secure stairwell. Units feature hardwood floors in living areas, tiled floors in kitchens and bathrooms, updated bathrooms and kitchens with gas ranges. There are shared laundry facilities in the basement and there is gated parking for 4+ cars or potential for future development. There is a communal garden bed vibrant with tomato plants. Property generates $70k in annual rents and currently runs at ~6.0% cap rate. The property is centrally located near some of West Oakland’s finest: Spinning Dough Pizzeria, Soba Ichi, Brix Factory Brewing, Ghost Town Brewing, and Raimondi Park, home of the Oakland Ballers. Oakland’s Uptown neighborhood, anchored by the Fox and Paramount Theaters, is just a mile away. Downtown San Francisco is about a 15-minute drive.
Location
Legal
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Listing Courtesy
Listing Agent: Andy Read (#BMLS-R01356611)
Listing Office: Corcoran Icon Properties (#BMLS-OBOPCRO 04)
Listing Courtesy (Buyer)
Buyer's Agent: Steven Peterson (#BMLS-R01746140)
