1152 98th Avenue,Oakland, CA 94603
Oakland, CA 94603
Description
Offering memorandum available upon request. Yellowstone Investments is pleased to present 1152 98th Avenue, a fully renovated mixed-use property located in Oakland. This unique asset includes six total units, one retail space, and five residential units, across two separate buildings. With over $2.2 million invested in renovations, this offering represents a rare opportunity to acquire a turnkey property with minimal deferred maintenance. The first building is a duplex originally constructed in 1950 and fully remodeled in 2019. Each one-bedroom, one-bath unit has its own water meter. The building on the corner was initially built in 1905, was taken down to the studs, and completely rebuilt in 2021. It features a ground-floor retail space, a designated storage area, one large two-bedroom unit, and two three-bedroom units. All units are equipped with washer/dryer sets, tankless water heaters, and furnaces designed to accommodate future A/C condensers. The corner building operates on a single water meter; tenants pay 80% of the total bill, while the owner covers the remaining 20%. There are seven parking spaces on-site, including three garage spots. A low-rate mortgage from Fremont Bank, adjusting in April 2027, may be assumed or modified, subject to buyer qualifications.
Details
| MLS # | ML82008269 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 57 |
| Listing Provided By | Yellowstone Investments | Adam Dahdouh |
Features
| SQ Feet | 6,075 |
|---|---|
| Building(s) | 2 |
| Zoning | RM-4 |
| Acreage | 0.19 |
Interior
| Cooling Yes / No | Yes |
|---|
Exterior
| Roof | Composition, Flat |
|---|
Taxes
| Property | 28987 |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Oakland |
| Zip Code | 94603 |
| Area | 699 Not Defined |
| School District | Other |