2247 Ivy Dr

Oakland, CA 94606

PRICE REDUCED

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-$50,000 (-3.92%)

$1,225,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1941

calendar_month Built

Property Description

This 5-unit multifamily investment opportunity located in the Ivy Hill neighborhood in Oakland California, offers a promising financial future. The 5,568 square foot property consists of three large 2 bedroom/1 bathroom units and two spacious 1 bedroom/1 bathroom units in a three-story building of wood frame and stucco construction. The property features private entries, central heating, new kitchens with stainless steel appliances, new bathrooms, and a low-maintenance landscape. Tenants are separately metered for PG&E, ensuring remarkably low operating expenses for new ownership. In addition, the building was recently seismically retrofitted, saving any investor the headache and cost of completing this big ticket item themselves. 2247 Ivy Dr is located in the desirable Ivy Hill neighborhood, just 3 minutes away from Oakland’s Lake Merritt. Tenants can enjoy all the lake activities, as well as nearby restaurants, cafes, parks, and shopping, making this property a sound investment with promising financial benefits.

Listing Information

List Price $1,225,000
Status Active
MLS 41073115
HOA $0
Type Residential Income
Year Built 1941
Lot Size 5,000
Structure Size N/A
DOM 49
Courtesy Of COMPASS
Listing Agent Willem Bos DRE#02013980

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None, See Remarks

Exterior Information

Maps

Listing information courtesy of: Willem Bos, COMPASS 916-698-9954. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 3:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the 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.