3617 San Leandro St
Oakland, CA 94601-3445
Active for $595,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 5,500 sqft
| MLS | 41081278 |
| Year Built | 1933 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $595,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,500 sqft |
| Beds | N/A |
| Baths |
Description
Rare mixed-use residential and commercial mixed-use investment with excellent cash flow potential. The current cap rate is 8.93% and the current GRM is 8.3. The property was originally built in 1933, offers approximately 3,187 square feet of rental space, and sits on a 5,500 square foot lot with ample room for parking. The unit mix offers one 2bd/1bth unit, one studio unit, one retail unit, and a large 2,000 square foot warehouse. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The retail unit, warehouse, and studio unit will all be delivered vacant at closing providing a perfect opportunity for an investor or owner-user. The location is conveniently located near Downtown Oakland, Lake Merritt, BART, Fruitvale Public Market, and has easy access to HWY880. There are countless restaurants and shopping options nearby making this a desirable location for tenants.
Listing information courtesy of: David Howarth, The Pinza Group, Inc 510-822-1331. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Alec Karaguzian
REALTOR®
Direct: 818.636.4638
Email: Email Me
DRE: 02108329
DRE #01873088
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