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1512 Fruitvale Avenue, Oakland, CA, USA

Price: $1,499,999 ($230/SF)

Status: For Sale on September 2024

1508 - 1512 Fruitvale Ave, Oakland, CA

Executive Summary

Prime Investment Opportunity in Oakland’s Fruitvale District

The Ivy Group proudly presents an exceptional investment opportunity: a mixed use property located in the thriving Fruitvale District of Oakland, CA.

Property Highlights:

  • Residential Units: Four spacious 1 bedroom, 1 bathroom units
  • Commercial Space: One versatile ground floor retail unit
  • Separate Meter: Each unit is metered separately for electric

Key Advantages:

  • Prime Location: Just a short walk to the Fruitvale BART Station, providing unparalleled convenience for residential tenants and high foot traffic for the commercial unit
  • Value Add Potential: All tenants are on short term leases, giving you the flexibility to adjust rents to market rates and enhance your return on investment
  • Rent Control: Exempt from Oakland rent control

This property is ideal for both first time and seasoned investors seeking a prime replacement property for a 1031 Exchange. Take advantage of this opportunity to secure a high potential asset in one of Oakland’s most vibrant neighborhoods.

Please respect the privacy of the tenants and contact The Ivy Group today to learn more and schedule a viewing.

Offering Memorandum
  • Hidden
Due Diligence
  • Hidden

Highlights

  • Building Size

    ± 6,511 SF

  • Lot Size

    ± 6,570 SF (± 0.155 acres)

  • Year Built

    1928 / 2012 (substantial rehabilitation after fire)

  • Power

    200 A, 120/208 V, 3 Ø

  • Zoning

    CN3

  • Use

    Mixed Use: residential / retail

  • Bart Station

    ± 0.4 miles to Fruitvale BART Station

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Metering

    Separate meter for each tenant

  • Number of Units

    4 residential + 1 commercial retail

  • Unit Mix

    Four 1bed/1bath + 1 ground floor retail

  • APN

    33-2121-26