481 Wickson Avenue
Oakland, CA 94610
- – beds
- – baths
- – sqft
- 5,000 sqft lot
- 1943 build
- – on site
An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors. $76,488/annually (+/-4.725% cap rate, +/-16.93 GRM). Vacant 2bd/1ba offers significant rental upside $105,960 +/-annually (+/-6.54% cap rate, +/-12.22 GRM). Add value opportunity with potential projected rental income of $153,600+/-annually (+/-9.35% cap rate, +/-8.56 GRM). (5) Gas meters, (4) Electric meters, (4) Water meters, (5) Off-street parking spaces. Situated between Grand Ave and Lakeshore Ave, join friends for brunch at one of the many diverse eateries or catch the latest movie from the iconic Grand Lake Theater or gather your organic produce every Saturday morning at the farmer’s market. Enjoy the Lake Merritt vibe and get in your daily exercise along the lakefront with a WalkScore of 97. Located near BART, downtown Oak-SF, casual carpool & major freeways.
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Last updated Nov 20, 2024
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MLS# 41079321 —
The Building
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Year Built:1943
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Construction Materials:Stone, Wood Siding
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Roof:Shingle, Composition
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Total Number Of Units:5
Location
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Directions:Lake Park Ave-Walker-Wickson Cross Street: Walker Avenue.
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Latitude:37.81188400
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Longitude:-122.24626500
The Property
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Property Type:Residential Income
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Lot Size Area:5000.0000
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Lot Size Acres:0.1148
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Lot Size SqFt:5000.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4038/3
The Listing
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Parcel Number:1183761
Heating & Cooling
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Heating:1
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Heating:Gravity, Wall Furnace
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Cooling:Yes
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Cooling:None
Parking
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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 |
|---|---|---|---|---|
|
11/20/24
Nov 20, 2024
|
Listed / Active | CRMLS_CA | $1,295,000 |
