Description

Unique Investment Opportunity: Commercial Property with Retail and Residential Mixed-Use Discover a rare chance to own a versatile commercial property featuring two retail storefronts combined with residential mixed-use. This property includes four studio apartments occupied by exceptionally long-term tenants, providing stable rental income, alongside a convenience store serving the community. Additionally, there is a large vacant retail space, formerly occupied by a nail salon, offering tremendous potential for an owner-occupied retail or service business. With endless possibilities for customization and growth, this property is ideal for investors or entrepreneurs seeking a multifaceted investment. The current seller has owned this property for 34 years and acknowledges room for improvement, including opportunities related to the Below Market Rate (BMR) units. Motivated to sell due to the recent loss of a spouse and plans to retire, the seller welcomes serious inquiries. Don’t miss this exceptional opportunity to acquire a well-positioned, income-generating property with significant potential.

Property details

Year built

1948

Property type

Residential Income

Lot size

5,294 sqft

Location

7108 International Blvd. • Oakland, CA 94621-3200

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Listed by

Ann M Lee · HomeSmart PV & Associates

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Residential Income - 7108 International Blvd., Oakland, CA