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Listed by The Pinza Group, Inc
$ 649,000
Est. payment | /mo
3 Beds
1 Bath
1,320 SqFt
$ 649,000
Est. payment | /mo
3 Beds
1 Bath
1,320 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $491
Subdivision Pill Hill
MLS Listing ID 41151437
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1903
Lot Size 6,000 Sqft
Property Sub-Type Detached
Source Bridge AOR
Property Description
Rare fully entitled 20-unit development opportunity in Oakland's popular Pill Hill neighborhood. The property is fully entitled for a six story 23,996 square foot building consisting of five 2bd/2bth units, five 2bd/1bth units, and 10 1bd/1bth units. The property will offer individual decks and parking spaces for all units. The current building was built in 1903, offers 1,320 square feet of living space, and sits on a 6,000 square foot lot measuring 50'x120'. The current building has been remodeled and has a history of successful short-term rentals. The property offers a remodeled kitchen and bathroom, hard wood floors, custom molding, custom lighting, new interior paint, and more. This is an excellent opportunity for a developer to capitalize on one of Oakland's best neighborhoods with excellent future cash flow or resale potential. This is a high demand rental surrounded by many medical centers, shopping options, restaurants, and coffee shops.
Location
State CA
County Alameda
Interior
Heating Other
Cooling Other
Flooring Wood
Fireplaces Type Other
Fireplace Yes
Laundry Other
Exterior
Pool Other
Private Pool false
Building
Lot Description Other
Story 1
Water Public
Architectural Style Other
Nearby Locations
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