Description
Four units split into two studios, one 1BR/1BA, and one 3+BR/1BA (which is 1,958 square feet all on its own)—this is 1200 13th Avenue. Located in Oakland’s East Peralta neighborhood, this lucrative investment opportunity is surrounded by an array of popular destinations including Lake Merritt, the Oakland Estuary, Alameda Island, and Laney College. Any number of amenities are easily walkable or bikeable, including Lake Merritt BART, Fruitvale BART, Clinton Park, and any number of bars, restaurants, and mom + pop retailers. Of critical note is the potential strong cash flow of the property—$10,350 per month, with the potential to go up thanks to a backyard with enough room to possibly accommodate an ADU. All four units at 1200 13th Avenue will be occupied upon close (ideal for investors seeking a plug-n-play addition to their portfolio). Asking $1.25MM.
Location
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$1,435,000
MLS# 40984969
Listing Agent: Richard Knutson
Courtesy of: RICHARD KNUTSON, BROKER
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