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1479 Fruitvale Avenue

Oakland, CA 94601
  • $8,750,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 422712476
UPDATED: 13 min ago
$8,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 30,457
    SQFT
  • $287
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

1479 Fruitvale Ave consists of 51 Apartments and 3 ground floor commercial spaces facing the street. 1465-1467 Fruitvale Ave consists of 4 ground floor commercial spaces facing the street. On the backside of both of these parcels there is a 27-space outdoor parking lot with a secure gate. Both parcels must be sold together. All the commercial spaces are leased and the apartments have significant rental upside as does the building. The building is master metered but there is a separate circuit breaker panel in each apartment making it a real value add to install separate electric meters. With an 800 amp vault box, there is plenty of power to service the electric appliances and the heat to the apartments. The vacancy factor for the building was low during the pandemic and very stable today. The vacancies in the building now are only vacant because of the remodeling that is needed. Being 2 blocks to BART, this rental location is very desirable.

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© 2023 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2023-01-27T22:20:23.153.
www.sfhothomes.com/homes/135477214
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1479 Fruitvale Avenue Oakland, CA 94601

  • Price: $8,750,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 13 min ago
  • MLS #: 422712476
0
Beds
0
Baths
0
½ Baths
N/A
Acres
30,457
SQFT
$287
$/SQFT
1925
Built
Neighborhood:
Oakland Zip 94601
County:
Alameda
Area:
Oakland Zip 94601
Property Description
1479 Fruitvale Ave consists of 51 Apartments and 3 ground floor commercial spaces facing the street. 1465-1467 Fruitvale Ave consists of 4 ground floor commercial spaces facing the street. On the backside of both of these parcels there is a 27-space outdoor parking lot with a secure gate. Both parcels must be sold together. All the commercial spaces are leased and the apartments have significant rental upside as does the building. The building is master metered but there is a separate circuit breaker panel in each apartment making it a real value add to install separate electric meters. With an 800 amp vault box, there is plenty of power to service the electric appliances and the heat to the apartments. The vacancy factor for the building was low during the pandemic and very stable today. The vacancies in the building now are only vacant because of the remodeling that is needed. Being 2 blocks to BART, this rental location is very desirable.
Exterior Features

Independent Parking Spaces 0 Lot Features Corner Parking Features Garage Door OpenerSide-By-SideUncovered Parking Total 27 Tandem Parking Spaces 0

Interior Features

Laundry Features Coin OperatedWasher/Dryer HookupsWasher/Dryer Owned Rooms Total 95 Unit1 Approx Sq Ft 0 Unit1 Bedrooms 0 Unit1 Full Baths 0 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0

Property Features

Cap Rate 5.04 Lease Terms Lease/Month To Month Mix Number Of Units Vacant 5 Property Sub Type 5 Or More Units Special Listing Conditions None Subtype Description Mixed Use Unit Type Commercial Units Total 7 Unit Type Studio Units Total 43 Unit Type1 Bedroom Units Total 7 Unit Type2 Bedroom Units Total 1 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 0 Unit2 Rent 0 Unit2 Rent1 0 Unit4 Rent 0

Listing provided courtesy of Masanori Sugimoto of Corcoran Icon Properties: .


© 2023 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Data last updated 2023-01-27T22:20:23.153.
 
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