Description
Contact Broker to schedule appointments to tour, view Offering Memorandum and/or view disclosures. The subject property is a 27-unit apartment building located in an Opportunity Zone with CBD-X zoning, ideal for future development, while generating strong rental income on the following unit mix: five (5) studios, fourteen (14) 1-bd/1-ba units, five (5) 2-bd/1-ba units and three (3) lofts. Tenants enjoy the comfort of either going to a local restaurant such as Plenty, Hot Bird or Itani Ramen; spending a night out at The Fox Theatre or famous bars like Cafe Van Cleef; or walking to Lake Merritt for a little exercise. The great location allows tenants to access the entire Bay Area due to its proximity to 19th Street BART station, public transportation options and a series of major freeways. The spacious units have had several upgrades including new kitchens, bathrooms and appliances. This is a rare opportunity to purchase a solid income property with high development upside potential.
Location
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Based on information from CRISNet 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. Updated: 9th August, 2022 11:14 PM (UTC)
