2450 Martin Luther King Jr Way
Oakland, CA 94612
- – beds
- – baths
- – sqft
- 4,784 sqft lot
- 1970 build
- – on site
www.2450mlk.com; 10-unit West Oakland mixed-use investment offering five commercial units and five residential units with excellent upside. The property was originally built in 1970, offers approximately 3,200 square feet of rental space, and sits on a 4,784 square foot lot with multiple off-street parking spaces. The commercial units are large and in rent-ready condition. The residential units include four studio units and one 1bd/1bth unit. The property is easy to manage and separately metered for PG&E providing low annual operating expenses. The exterior and interior are in good condition, with no deferred maintenance, making this an easy building to manage. Two commercial units and one residential unit can be delivered vacant or leased at market rate before the close of escrow offering maximum flexibility. The current tenants are stable with rents 50% below market providing for huge rental increases upon move-out or buyouts.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 28, 2024
•
MLS# 41064898 —
The Building
-
Year Built:1970
-
Construction Materials:Other
-
Total Number Of Units:10
Location
-
Directions:25th St Right on MLK Cross Street: 25th St.
-
Latitude:37.81475400
-
Longitude:-122.27200200
The Property
-
Property Type:Residential Income
-
Lot Size Area:4784.0000
-
Lot Size Acres:0.1098
-
Lot Size SqFt:4784.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:Kelsey
The Listing
-
Buyer's Brokerage Compensation:2.000%
-
Buyer's Brokerage Compensation:$2
-
Parcel Number:867549
Heating & Cooling
-
Heating:1
-
Heating:See Remarks
-
Cooling:Yes
-
Cooling:See Remarks
Parking
-
Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/28/24
Jun 28, 2024
|
Listed / Active | CRMLS_CA | $1,150,000 |