Kerry House | 4092 Piedmont Ave
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Kerry House 4092 Piedmont Ave
4,194 SF 100% Leased Retail Building Oakland, CA 94611 £2,108,703 (£503/SF) 4.95% Net Initial Yield
Investment Highlights
- Nestled in a highly desirable Piedmont Ave neighborhood with outstanding Walk, Transit, and Bike Scores
- ADA bathroom accessible
Executive Summary
To access marketing package copy/paste: https://bit.ly/kitehillre
Welcome to 4092 Piedmont Ave, where luxury and investment potential converge in a vibrant neighborhood. This exceptional mixed-use property offers a blend of residential comfort and thriving commercial spaces, generating an impressive income of $16,370 monthly and $196,440 annually. The residential unit features a cozy and modern 2-bedroom, 1-bath apartment with an open-concept living area, a well-appointed kitchen, and spacious bedrooms, ideal for urban living.
The commercial spaces include an office, a bar, and an Indian restaurant. The lively bar, with its stylish interior and well-stocked selection of beverages, attracts a dedicated clientele. The popular Indian restaurant is known for its authentic cuisine and warm ambiance, enjoying excellent street visibility. Located on bustling Piedmont Ave, this property benefits from high foot traffic and outstanding visibility. The area is renowned for its eclectic mix of shops, dining options, and entertainment venues, making it a sought-after destination for residents and businesses. With easy access to public transportation and major thoroughfares, 4092 Piedmont Ave combines convenience and vibrancy. Seize this exceptional investment opportunity and explore the potential of 4092 Piedmont Ave. Schedule a viewing today to experience the perfect blend of urban living and commercial success.
- Strong In-Place Cash Flow: Impressive monthly income of $16,370 and $196,440 annually.
- Attractively Priced: 13.54 Gross Rent Multiplier (GRM) and 4.95% Cap Rate
- Off-Street Parking: 3 off-street parking spaces available.
- Diverse Unit Mix: (1) 2 bed 1 bath residential unit, (1) office with a disability bathroom, (1) restaurant and (1) bar space downstairs, ensuring a property that caters to various tenant needs.
- Ideal Location: Nestled in a highly desirable Piedmont Ave neighborhood with outstanding Walk, Transit, and Bike Scores, this investment gem is strategically located near attractions such as restaurants and shops, offering not only solid financial returns but also a coveted foothold in one of Oakland's most sought-after communities.
Welcome to 4092 Piedmont Ave, where luxury and investment potential converge in a vibrant neighborhood. This exceptional mixed-use property offers a blend of residential comfort and thriving commercial spaces, generating an impressive income of $16,370 monthly and $196,440 annually. The residential unit features a cozy and modern 2-bedroom, 1-bath apartment with an open-concept living area, a well-appointed kitchen, and spacious bedrooms, ideal for urban living.
The commercial spaces include an office, a bar, and an Indian restaurant. The lively bar, with its stylish interior and well-stocked selection of beverages, attracts a dedicated clientele. The popular Indian restaurant is known for its authentic cuisine and warm ambiance, enjoying excellent street visibility. Located on bustling Piedmont Ave, this property benefits from high foot traffic and outstanding visibility. The area is renowned for its eclectic mix of shops, dining options, and entertainment venues, making it a sought-after destination for residents and businesses. With easy access to public transportation and major thoroughfares, 4092 Piedmont Ave combines convenience and vibrancy. Seize this exceptional investment opportunity and explore the potential of 4092 Piedmont Ave. Schedule a viewing today to experience the perfect blend of urban living and commercial success.
- Strong In-Place Cash Flow: Impressive monthly income of $16,370 and $196,440 annually.
- Attractively Priced: 13.54 Gross Rent Multiplier (GRM) and 4.95% Cap Rate
- Off-Street Parking: 3 off-street parking spaces available.
- Diverse Unit Mix: (1) 2 bed 1 bath residential unit, (1) office with a disability bathroom, (1) restaurant and (1) bar space downstairs, ensuring a property that caters to various tenant needs.
- Ideal Location: Nestled in a highly desirable Piedmont Ave neighborhood with outstanding Walk, Transit, and Bike Scores, this investment gem is strategically located near attractions such as restaurants and shops, offering not only solid financial returns but also a coveted foothold in one of Oakland's most sought-after communities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,194 SF
Building Class
C
Year Built
1923
Price
£2,108,703
Price Per SF
£503
Net Initial Yield
4.95%
NOI
£104,300
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.24
Lot Size
0.08 AC
Zoning
CN-1, Oakland
Parking
3 Spaces (0.72 Spaces per 1,000 SF Leased)
Frontage
40 ft on Piedmont
Walk Score ®
Walker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 012-0992-014-02 | Improvements Assessment | £381,379 |
| Land Assessment | £436,782 | Total Assessment | £818,162 |
PROPERTY TAXES
Parcel Number
012-0992-014-02
Land Assessment
£436,782
Improvements Assessment
£381,379
Total Assessment
£818,162
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Kerry House | 4092 Piedmont Ave
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