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1455 1st Avenue

Oakland, CA 94606
  • $4,750,000
  • STATUS: Active
  • ON SITE: 327 Days
  • ID#: AR22147298
UPDATED: 46 min ago
$4,750,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1912
County:
Alameda

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Listing Agent(s): Kao Phouasalit of Coldwell Banker George Realty (626-445-6660)


Description

Just around the corner of Lake Merritt is a towering 18 unit complex flanked by two turrets. All units arecompletely occupied. The building is in the process of installing fire alarm systems in every unit and hasupdated light fixtures, paint, and flooring throughout the hallways all but two apartments have beencompletely renovated. Walking distance to the Lake Merritt Lake and Lake Merritt BART Station, localsupermarkets, and China Town. Convenient access to the 580 and 880 freeway.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/130608557
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1455 1st Avenue Oakland, CA 94606

  • Price: $4,750,000
  • Status: Active
  • On Site: 327 Days
  • Updated: 46 min ago
  • ID#: AR22147298
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1912
Built
County:
Alameda
Property Description
Just around the corner of Lake Merritt is a towering 18 unit complex flanked by two turrets. All units arecompletely occupied. The building is in the process of installing fire alarm systems in every unit and hasupdated light fixtures, paint, and flooring throughout the hallways all but two apartments have beencompletely renovated. Walking distance to the Lake Merritt Lake and Lake Merritt BART Station, localsupermarkets, and China Town. Convenient access to the 580 and 880 freeway.
Exterior Features

Architectural Style Tudor Construction Materials StuccoWood Siding Exterior Features LightingRain Gutters Fencing Good ConditionPrivacy Lot Features 16-20 Units/AcreBack YardNear ParkNear Public TransitPavedRectangular LotWalkstreet Number Of Separate Electric Meters 18 Parking Features Off SiteOn Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View Lake View YN Yes Waterfront Features LakeLake Privileges

Interior Features

Appliances Exhaust FanGas OvenGas RangeGas Water HeaterRefrigeratorWater HeaterDryerWasher Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Family RoomLiving RoomWood Burning Fireplace YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features Cathedral Ceiling(S)Granite CountersBedroom On Main LevelGalley KitchenLoftWalk-In Closet(S) Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features BikingCurbsDog ParkLakeStreet LightsSidewalksPark Current Financing Conventional Disclosures Rent Control Electric Electricity - On PropertyStandard220 Volts Electric Expense 4900 Garage YN No Gross Income 800 Gross Scheduled Income 324552 Inclusions Detached Laundry Structure With 3 Washers And 3 Dryers (As is Condition). Insurance Expense 7356 Land Lease YN No Laundry Features Laundry ChuteCommon AreaGas Dryer Hookup Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 ExchangeOwner May Carry Net Operating Income 280816 New Construction YN No New Taxes Expense 349000 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Operating Expense 61736 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Security Features PrewiredClosed Circuit Camera(S)Carbon Monoxide Detector(S)Fire Detection SystemResident ManagerSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Trash Expense 10140 Utilities Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Kao Phouasalit of Coldwell Banker George Realty (626-445-6660)