2247 Ivy Dr
Oakland, CA 94606
$50,000.00 (-3.92%)
Active for $1,225,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 5,000 sqft
| MLS | 41073115 |
| Year Built | 1941 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $1,225,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,000 sqft |
| Beds | N/A |
| Baths |
Description
This 5-unit multifamily investment opportunity located in the Ivy Hill neighborhood in Oakland California, offers a promising financial future. The 5,568 square foot property consists of three large 2 bedroom/1 bathroom units and two spacious 1 bedroom/1 bathroom units in a three-story building of wood frame and stucco construction. The property features private entries, central heating, new kitchens with stainless steel appliances, new bathrooms, and a low-maintenance landscape. Tenants are separately metered for PG&E, ensuring remarkably low operating expenses for new ownership. In addition, the building was recently seismically retrofitted, saving any investor the headache and cost of completing this big ticket item themselves. 2247 Ivy Dr is located in the desirable Ivy Hill neighborhood, just 3 minutes away from Oakland’s Lake Merritt. Tenants can enjoy all the lake activities, as well as nearby restaurants, cafes, parks, and shopping, making this property a sound investment with promising financial benefits.
Listing information courtesy of: Willem Bos, COMPASS 916-698-9954. *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 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®
Tadde Matossian
REALTOR®
Direct: 818.642.9327
Email: Email Me
DRE: 02057312
DRE #01873088
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