Listing Agent: David Howarth      Broker/Office: The Pinza Group, Inc
3414 Andover St Oakland CA 94609-2817
$ 649,000
  3   |    1   |    1320 Sq Feet

Listing ID

#41151437

Status

Active

Property Type

Single Family Residence

County

Alameda

Neighborhood

PILL HILL

Year Built

1903

Days on website

1

Description
Rare fully entitled 20-unit development opportunity in Oakland’s popular Pill Hill neighborhood. The property is fully entitled for a six story 23,996 square foot building consisting of five 2bd/2bth units, five 2bd/1bth units, and 10 1bd/1bth units. The property will offer individual decks and parking spaces for all units. The current building was built in 1903, offers 1,320 square feet of living space, and sits on a 6,000 square foot lot measuring 50’x120’. The current building has been remodeled and has a history of successful short-term rentals. The property offers a remodeled kitchen and bathroom, hard wood floors, custom molding, custom lighting, new interior paint, and more. This is an excellent opportunity for a developer to capitalize on one of Oakland’s best neighborhoods with excellent future cash flow or resale potential. This is a high demand rental surrounded by many medical centers, shopping options, restaurants, and coffee shops.
Location
Financial Information
List Price:  $ 649000
Property Features
Flooring:  Wood
Levels:  One
Roof:  Shingle
City:  Oakland
Listed By:   David Howarth   The Pinza Group, Inc 
CA Lic#