1479 Fruitvale Avenue

Oakland, CA, 94601

$8,750,000

$287 per ft²
$8,750,000
$287 per ft²
Active
Active
 - For Sale
beds
9 Beds
carpenters-square
30,457 ft²
property_type
Multi-family
calendar
Built 1925
1479 Fruitvale Ave consists of 51 Apartments and 3 ground floor commercial spaces facing the street. 1465-1467 Fruitvale Ave consists of 4 ground floor commercial spaces facing the street. On the backside of both of these parcels there is a 27-space outdoor parking lot with a secure gate. Both parcels must be sold together. All the commercial spaces are leased and the apartments have significant rental upside as does the building. The building is master metered but there is a separate circuit breaker panel in each apartment making it a real value add to install separate electric meters. With an 800 amp vault box, there is plenty of power to service the electric appliances and the heat to the apartments. The vacancy factor for the building was low during the pandemic and very stable today. The vacancies in the building now are only vacant because of the remodeling that is needed. Being 2 blocks to BART, this rental location is very desirable.
MLS® ID:
422712476
Listed:
12/15/22
Updated:
2/8/23

Interior Features

Kitchen Appliances
Washer/Dryer
Total Bedrooms
9
Total Bathrooms
0
Laundry Description
Coin Operated, Washer/Dryer Hookups

Exterior/Building Features

Lot Size
0.34 acres lot
Lot Details
Corner Lot

Other Property Details

Area Name
Oakland Zip 94601
Garage
Yes
Parking
Garage Door Opener, Side By Side, Uncovered
Parking Total
27.0
View
N
County
Alameda
Pool
No
Total Stories
3

Property History

Date
Event
Price
Value
1/11/23
Price Change
$8,750,000
-7%

Courtesy of Masanori Sugimoto, DRE #, Corcoran Icon Properties
Listing Contact:  

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 2/8/23.

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Data last updated 10:42 PM UTC, 2/8/23

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