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2520 E 24th Street

Oakland, CA 94601
  • $1,095,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: ML81952805
$1,095,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,052
    SQFT
  • $359
    $/SQFT
Type:
Multi-Family
Built:
1908
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Lisa Wittkopf of Intero Real Estate Services ((650) 947-4700) and Elsa Nguyen of Intero Real Estate Services((650) 947-4700)


Description

Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street parking, in the secure gated lot. A shared backyard enhances tenant enjoyment. . Explore the vibrant Dimond & Laurel districts, easily commute via Hwy 580, bus, or Fruitvale BART. Nearby conveniences include Morgan Plaza, Farmer Joes Market, the Food Mill, Peet's Coffee & Tea, La Farine Bakery, Grand Lake Kitchen, Hacienda Peralta Park, and Manzanita Recreation Center. Embrace this active community with a 73 Walk Score & 60 Bike Score, accessibility is paramount to this property! Seize your opportunity to capitalize on the potential with a 7.1% CAP and 10.5 Gross Rent Multiplier. This is not just a property; it's your gateway to prosperity in the heart of Oakland's thriving community! DO NOT DISTURB, PLEASE RESPECT TENANTS PRIVACY.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147068263
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2520 E 24th Street Oakland, CA 94601

  • Price: $1,095,000
  • Status: Active
  • On Site: 24 Days
  • ID#: ML81952805
0
Beds
0
Baths
0
½ Baths
0.17
Acres
3,052
SQFT
$359
$/SQFT
1908
Built
County:
Alameda
Elementary School:
Other
Middle School:
Other
High School:
Other
School District:
Other
Property Description
Discover an exceptional investment in this well maintained Victorian triplex nestled in Oakland's Meadowbrook neighborhood, within the lively Fruitvale District. Preliminary applications to convert non-conforming units into ADUs present a TREMENDOUS OPPORTUNTIY FOR INCREASED INCOME on an already positive cashflow property! All units, recently updated & tenant-occupied, offer contemporary living. The building's tranquil ambiance, set back from the street, is complemented by on-site laundry & off-street parking, in the secure gated lot. A shared backyard enhances tenant enjoyment. . Explore the vibrant Dimond & Laurel districts, easily commute via Hwy 580, bus, or Fruitvale BART. Nearby conveniences include Morgan Plaza, Farmer Joes Market, the Food Mill, Peet's Coffee & Tea, La Farine Bakery, Grand Lake Kitchen, Hacienda Peralta Park, and Manzanita Recreation Center. Embrace this active community with a 73 Walk Score & 60 Bike Score, accessibility is paramount to this property! Seize your opportunity to capitalize on the potential with a 7.1% CAP and 10.5 Gross Rent Multiplier. This is not just a property; it's your gateway to prosperity in the heart of Oakland's thriving community! DO NOT DISTURB, PLEASE RESPECT TENANTS PRIVACY.
Exterior Features

Carport Spaces 0 Parking Features Off Street Parking Total 5 View City Lights View YN Yes

Interior Features

Accessibility Features None Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Tile Heating YN Yes

Property Features

Association YN No Cap Rate 8.14 Garage YN No Gross Scheduled Income 114456 Insurance Expense 1100 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 6000 Other Expense 0 Property Sub Type Triplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 13155 Trash Expense 1460 Water Source Public Zoning RM-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T00:36:29.117. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Lisa Wittkopf of Intero Real Estate Services ((650) 947-4700) and Elsa Nguyen of Intero Real Estate Services((650) 947-4700)