1248 E 15Th Street, Oakland, CA 94606
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Listed Price :
$825,000
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Beds :
6
-
Baths :
4
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Property Size :
3,192 sqft
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Year Built :
1944
Property Description
Welcome to an exceptional investment opportunity at 1240-1248 E 15th St, a wellmaintained 4-unit building located near the highly desirable Lake Merritt area ofEast Oakland. With a rare combination of strong cash flow and fantastic upsidepotential this property is a true gem in today's market.Boasting a solid cap rate and occupied by vetted tenants, this asset deliversimmediate stability and consistent rental income. The property is thoughtfullydesigned with an open lot offering valuable off-street parkinga coveted featurethat ensures tenant satisfaction and convenience. Recently landscaped toperfection, the property presents an inviting and well-kept exterior that sets thetone for the entire building.Given the strong demand in the area and the potential for market rent growth, theproperty offers significant upside. Currently fully leased, any future vacancy wouldpresent an opportunity to increase rental income by adjusting rents to prevailingmarket rates, thereby enhancing the overall return on investment.Located just minutes from the iconic Lake Merritt, residents enjoy easy access tovibrant city amenities, parks, and convenient transit options. This is an area withstrong demand for quality housing, and the opportunity for rent growth issubstantial. Whether you're looking for a turn-key investment or a property withexcellent potential to add value, 1240-1248 E 15th St checks all the boxes.Don't miss out on this rare opportunity to acquire a high-performing property in aprime location with future upside and a track record of strong tenancy. This is amust-see for savvy investors looking to grow their portfolio and capitalize on EastOakland's potential.
Interior Features
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
1248 E 15Th Street |
| City |
Oakland |
| State |
CA |
| Zip |
94606 |
| County |
Alameda |
| Listing Agent |
Daniel Withers DRE #01325901 |
| Courtesy Of |
Matthews Real Estate Investment Services |
| List Price |
$825,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,192 |
| Lot Size |
6,000 |
| Year Built |
1944 |
Listing information courtesy of: Daniel Withers, Matthews Real Estate Investment Services. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 1:02 AM 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.
