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$849,000

The Prescott Team is pleased to present 3431 Wilson Avenue, a four-unit multifamily property located in Oakland's Dimond District, an established neighborhood known for its walkable commercial corridor, residential character, and convenient East Bay access. Built in 1922, the property comprises approximately 2,156 rentable square feet on a 6,500 square foot lot. The unit mix is distributed across three separate structures: a front house operating as the two-bedroom, one-and-a-half-bath unit; a detached cottage configured as a one bed - one-bath; and a duplex containing two split-level one-bath lofts. All three structures have been seismically retrofitted. Additional capital improvements include newer roofing on the cottage and duplex, an upgraded sump pump, and approximately $5,000 in drainage work on the front house. Tenant amenities include off-street parking, on-site laundry in the garage, private outdoor space across the property, a private backyard for the cottage, decks for the loft units, and a front yard for the front house. The on-site laundry also presents an opportunity to generate additional income through coin- or card-operated machines. The Dimond District offers residents a strong mix of restaurants, cafés, breweries, and everyday retail along MacArthur Boulevard, along with access to Dimond Park and the Sausal Creek trail system. AC Transit service and immediate Interstate 580 access support efficient commutes to Downtown Oakland, Berkeley, San Francisco, and the greater East Bay. With completed seismic work, recent capital improvements, and desirable Dimond District location, 3431 Wilson Avenue represents a compelling opportunity to acquire a well-positioned and well-maintained multifamily asset.

41133468 MLS

3431 Wilson Ave, Oakland

$5,779,000

This very nostalgic 2 story property is located at 3104-3112 & 3130 14th Ave in Oakland California. It has 32,382 rentable square feet, with 29 large apartments. The property was built in 1949, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas, electric meters and individual hot water heaters minimizing the owner’s expenses. There is 20% upside in the current rents. With 20% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. There are two separate parcels, one is an 8 unit and the other is a 21 unit. The apartment unit mix is 2 Studios, 23 one-bedroom units and 4 two-bedroom units and there are 7 garages attached for parking and 8 covered parking spaces. The quality of the building is maintained with pride. The units are separately metered for gas, electricity and hot water. The units have pleasant views from the entry and living room of upstairs units. The laundry is coin operated for additional income. The building is located across the street from the Highland Hospital complex and about 2 blocks from the west bound ramp to 580. There is a Quik Stop gas & convenience

41127121 MLS

3104 14th Ave, Oakland