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27102726 Park Boulevard

Oakland, CA 94606
  • $3,745,000
  • STATUS: Active
  • ON SITE: 465 Days
  • ID#: ML81918577
UPDATED: 102 min ago
$3,745,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

School District:
Listing Agent(s): Carol Reen of Compass ((650) 375-1111)


Description

Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/ great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-21T12:29:05.26. 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 Better Living Socal Group Corporation. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/136875533
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27102726 Park Boulevard Oakland, CA 94606

  • Price: $3,745,000
  • Status: Active
  • On Site: 465 Days
  • Updated: 102 min ago
  • ID#: ML81918577
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1950
Built
Neighborhood:
699 - Not Defined
County:
Alameda
Area:
699 - Not Defined
School District:
Other
Property Description
Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/ great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.
Exterior Features

Carport Spaces 0 Parking Total 0 Roof Flat

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 193200 Insurance Expense 3000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 100 Security Features Window Bars Special Listing Conditions Standard Tax Annual Amount 19300 Trash Expense 1132 Water Source Public Zoning RU-5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-21T12:29:05.26. 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 Better Living Socal Group Corporation. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_370943639-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_370943639-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_3_370943639-1.jpg
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Better Living Socal Group Corporation
250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): Carol Reen of Compass ((650) 375-1111)