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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Clinton
MLS Listing ID 41054678
Sold Date 05/30/24
HOA Y/N No
Year Built 1902
Lot Size 3,497 Sqft
Property Description
Introducing Oakland’s 705 E 18th Street—a four-unit building delivered partially occupied (two units) that will make an ideal investment for someone seeking an owner-occupy opportunity. Divided into three 1BR/1BA layouts and one 2BR/1BA layout, all units have been renovated to include new flooring, kitchens, and bathrooms. The units also include upgraded electrical, copper plumbing, and tankless water heaters, reducing the risk of any maintenance-related repairs in the years ahead. Nearly equidistant (~1 mile) from two major employers (Laney College and Highland Hospital), vacancies at this property should always appeal to a strong pool of renters. Additionally, 705 E 18th Street’s proximity to Lake Merritt (only six blocks away) and a plethora of other greenspaces guarantee a certain level of desirability with renters who like to spend time outdoors. BART stations (Lake Merritt) and AC Transit stops (lines 14, 40, 62, and 840) make commuting easy, as do nearby freeways (I-580 + I-880).
Location
State CA
County Alameda
Zoning RM-3
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Garage Covered, Garage, Garage Door Opener, On Street
Parking Type Covered, Garage, Garage Door Opener, On Street
Total Parking Spaces 2
Building
Lot Description Street Level
Sewer Public Sewer
Others
Tax ID 212191
Financing FHA
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Bought with Theresa Lee • Coldwell Banker