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2450 Martin Luther King Jr Way | Oakland, CA 94612
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This Retail Property is no longer advertised on LoopNet.co.uk.
2450 Martin Luther King Jr Way
Oakland, CA 94612
10-unit Mixed-Use Investment in West Oakland · Retail Property For Sale
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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
- General Retail Storefront
- General Retail Storefront Retail/Residential
- Office Office Residential
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
LINKS
PROPERTY TAXES
Parcel Number | 008-0675-049-00 | Improvements Assessment | £567,838 |
Land Assessment | £973,437 | Total Assessment | £1,541,276 |
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
The Hoover-Foster Retail Property at 2450 Martin Luther King Jr Way, Oakland, CA 94612 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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