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$2,995,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82002644
HOA Y/N No
Year Built 1921
Annual Tax Amount $51,664
Lot Size 0.257 Acres
Property Description
Marcus & Millichap is proud to present 1520 Madison Street, an exceptional 17-unit apartment community just one block away from the vibrant Lake Merritt. Owned and meticulously maintained by the same family for over 40 years, 1520 Madison Street features thoughtfully designed one-bedroom and studio floor plans that reflect pride of ownership throughout the property. Residents enjoy convenient on-site amenities including laundry facilities, bike racks, and nine private detached garages. Priced at a 7.29% CAP and 7.99 GRM, the property qualifies for attractive bank financing - making it a standout investment opportunity.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning R-90
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 9
Total Parking Spaces 9
Building
Water Public
Schools
School District Other
Others
Tax ID 863010
Special Listing Condition Standard
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Listed by Eymon Binesh • Marcus & Millichap