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1407 Miller Ave

6,835 SF 100% Leased Retail Building Oakland, CA 94601 £711,009 (£104/SF) 7.53% Net Initial Yield

Investment Highlights

  • Renovated Commercial Restaurant
  • Large Units above Restaurant

Executive Summary

Opportunity for Investor. Mixed use building. Sidewalk Certification & Sewer Lateral Certification completed 2022. Work not reflected in pictures. The building has 2 commercial units, one is a tire shop and the other is a restaurant. The restaurant contains 2,119 square feet and consists of an ordering counter, seating area, full kitchen with grease trap, fume hood, and newly installed cooler. Major remodeling/Tenant paid improvements 2020. Newer Icebox/Refrigerator. Full Kitchen. Two units above restaurant. They are both of a two-bedroom, one and one-half bath configuration in a two-story townhouse style layout containing around 1,360 square feet each. Very nice rooms. Living room and kitchen large with half bath on main level. New flooring in both units. One laminate floor. One wall to wall carpeting. There is additional space above units (roof top) that can be accessed. Long-term tenants. Tire/Iron shop in commercial spaces on two year leases.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,835 SF
Building Class
C
Year Built/Renovated
1913/2023
Price
£711,009
Price Per SF
£104
Net Initial Yield
7.53%
NOI
£53,560
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.31
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
CN-3 - CN-3
Frontage
63 ft on International Blvd

Amenities

  • Corner Lot
  • Restaurant
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Quetzal Taqueria
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Vindiola Tires
  • Service type
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Quetzal Taqueria Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Vindiola Tires Service type 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Philly's Best
Bank of Montreal
Starbucks
Ono Hawaiian BBQ
FoodMaxx
Citi
Order Express, Inc.
Bank of America
Chase Bank
Club Pilates

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
020-0153-008-00
Land Assessment
£430,960 (2024)
Improvements Assessment
£1,005,573 (2024)
Total Assessment
£1,436,532 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
  • Listing ID: 32138052

  • Date on Market: 14/06/2024

  • Last Updated:

  • Address: 1407 Miller Ave, Oakland, CA 94601

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