Bought with Yian Lin • Keller Williams Palo Alto
$1,900,000
$1,900,000
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7,585 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,585 sqft
Price per Sqft $250
Subdivision Upper Laurel
MLS Listing ID 41059103
Sold Date 08/30/24
HOA Y/N No
Originating Board Bridge AOR
Year Built 2005
Lot Size 0.294 Acres
Property Description
Tucked away in Upper Laurel, just southwest of Crestmont, is an investment opportunity that’s laden with income ($15,300/month) and dripping in future growth potential: Oakland’s 3819 Maybelle Avenue. This is a large (7,585 sq. ft.), five-unit building (5, 3BR/1.5BA) sitting on a massive 12,800 sq. ft. lot. Each unit is separately metered and in excess of 1,500 sq. ft., following a two-story, townhouse-style layout that includes formal living and dining rooms. Built in 2005, this construction is new enough that 3819 Maybelle Avenue is exempt from rent control—a rare advantage for owners. Shopping and dining options along nearby MacArthur Boulevard make this area popular with renters, as do easy freeway (I-580) and highway access (CA-13). Asking only $1.9MM ($250 sq. ft.), this is an exceptionally unique investment opportunity at a very competitive price.
Location
State CA
County Alameda
Interior
Heating Forced Air, Natural Gas
Cooling None
Flooring Hardwood, Laminate, Tile, Carpet, Engineered Wood
Fireplace No
Appliance Dryer, Washer, Gas Water Heater
Laundry 220 Volt Outlet, Dryer, In Unit, Washer
Exterior
Parking Type Parking Lot, Assigned, On Street, Uncovered Parking Space, Uncovered Park Spaces 2+
Building
Lot Description Level, Paved
Water Public
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