1512 Fruitvale Avenue, Oakland, CA, USA
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.
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