2345 Park Blvd
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2345 Park Blvd
5,532 SF 100% Leased Retail Building Oakland, CA 94606 £1,414,118 (£256/SF) 4.21% Net Initial Yield
Investment Highlights
- Vibrant corner retail space.
- Near picturesque Lake Merritt and BART.
- Unique mixed-use property.
Executive Summary
Explore 2345 Park Blvd: A unique 8-unit mixed-use property near the coveted Lake Merritt area. This charming building offers 6 residential units and a vibrant corner retail space with two units bordering the Montclair Avenue intersection. Located just minutes away from the
picturesque Lake Merritt and BART, residents will enjoy a vibrant neighborhood with a wealth of nearby amenities. The convenience of the Tempo AC transit line provides easy access to BART and downtown Oakland. Ideal for investors seeking a promising opportunity with immense upside under market rents, 2345 Park Blvd presents a compelling blend of location, versatility, and potential. Connect with Hamed Hakimi and the Bloom Real Estate Group today for more details.
picturesque Lake Merritt and BART, residents will enjoy a vibrant neighborhood with a wealth of nearby amenities. The convenience of the Tempo AC transit line provides easy access to BART and downtown Oakland. Ideal for investors seeking a promising opportunity with immense upside under market rents, 2345 Park Blvd presents a compelling blend of location, versatility, and potential. Connect with Hamed Hakimi and the Bloom Real Estate Group today for more details.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£102,968
|
£18.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£102,968
|
£18.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£43,481
|
£7.86
|
| Net Operating Income |
£59,486
|
£10.75
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £102,968 |
| Annual Per SF | £18.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £102,968 |
| Annual Per SF | £18.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £43,481 |
| Annual Per SF | £7.86 |
| Net Operating Income | |
|---|---|
| Annual | £59,486 |
| Annual Per SF | £10.75 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,532 SF
Building Class
C
Year Built
1930
Price
£1,414,118
Price Per SF
£256
Net Initial Yield
4.21%
NOI
£59,494
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.98
Land Acres
0.13 AC
Zoning
CM - Commercial mixed use
Parking
8 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 022-0314-012-01 | Improvements Assessment | £647,226 |
| Land Assessment | £452,633 | Total Assessment | £1,099,859 |
PROPERTY TAXES
Parcel Number
022-0314-012-01
Land Assessment
£452,633
Improvements Assessment
£647,226
Total Assessment
£1,099,859
-
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2345 Park Blvd
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