• Packaged Sale of Five Properties Including One Fourplex, One Duplex, and Three Single-Family Homes
• 7,800 Square Feet of Rentable Space Spread Across Two Parcels on a 24,000 Square Foot Lot
• Property Can Be Delivered 100% Vacant at Closing
• Currently Under Net Lease to Safe & Sober Housing Company: Off The Street Ministries, LLC
• All Buildings Have Been Remodeled Over Time and Offer Newer Roofs, Upgraded Kitchens and Bathrooms, Updated Electrical, Double Pane Windows, and More
• Separately Metered For PG&E with Low Projected Annual Operating Expenses
• Attractive Oakland Location Near Downtown Oakland, HWY 580, Restaurants, and Nearby Shopping Centers
• Market Cap Rate: 8.49% Market GRM: 8.68%
9-unit packaged sale of five different properties spread across two parcels with a combined lot size of nearly 24,000 square feet. This offering includes a fourplex (2264 High St), a duplex (2270 High St), and three single-family homes (2262 High St, 2266 High St, and 2311 Courtland Ave). All of the buildings offer two-bedroom one bath units except for 2311 Courtland Ave which offers a three bedroom and one bathroom. Currently, 2264 High St and 2270 High St have been merged to create large open spaces for the purpose of a sober living facility, so each level offers four bedrooms and two bathrooms. All the buildings have been remodeled over time and offer newer kitchens, bathrooms, newer roofs, double pane windows, and updated electrical and plumbing systems. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. The property will be delivered 100% vacant creating a perfect opportunity for an owner-user or investor seeking high market rents. This is an attractive Oakland near a variety of restaurant and shopping options and close to HWY580. This location provides easy access to Downtown Oakland, Lake Merritt, Grand Lake/Lakeshore and more.
Feel free to contact us for more details!
The Pinza Group (DRE: 01941229)