2450 Martin Luther King Jr Way | Oakland, CA 94612
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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
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
| Parcel Number | 008-0675-049-00 | Improvements Assessment | £550,715 |
| Land Assessment | £944,083 | Total Assessment | £1,494,799 |
PROPERTY TAXES
Parcel Number
008-0675-049-00
Land Assessment
£944,083
Improvements Assessment
£550,715
Total Assessment
£1,494,799
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