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2450 Martin Luther King Jr Way
Oakland, CA 94612

10-unit Mixed-Use Investment in West Oakland · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 10-unit Mixed-Use Investment Comprised of Five Commercial Units and Five Residential Units with Excellent Upside
  • Current Rents 50% Below Market Rate, Providing Huge Opportunity for Rental Upside Upon Turnover or Buyouts
  • Two Commercial and One Residential Unit Delivered Vacant or Leased at Market Rates by Close of Escrow
  • Low Maintenance Property Separately Metered For PG&E with Low Annual Operating Expenses
  • High Demand Rental Location Near Downtown Oakland, Temescal, Berkeley, and San Francisco

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,195 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Number of Floors
2
Building FAR
0.67
Lot Size
0.11 AC
Parking
5 Spaces (1.56 Spaces per 1,000 SF Leased)
Frontage
141 ft on Martin Luther King Jr Way

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-0675-049-00
Land Assessment
£973,437
Improvements Assessment
£567,838
Total Assessment
£1,541,276
  • Listing ID: 32186889

  • Date on Market: 19/06/2024

  • Last Updated:

  • Address: 2450 Martin Luther King Jr Way, Oakland, CA 94612

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