1524 7Th Ave, Oakland, CA 94606
Property · 2 recorded sales since 2022
Sold July 2022
Listing Agent: Joey Wang (DRE #01890931) · Listing Office: Keller Williams Realty · Contact: 925-934-2900 · Bought with: Joey Wang · Keller Williams Realty · MLS #40988149 · Source: CRMLS
About this property
7 units near Lake Merritt and Downtown Oakland that can be bought for only $1.2MM using residential financing?—No, it’s NOT too good to be true. Introducing 1518 and 1524 7th avenue, a pair of multifamily properties owned by the same family since 1946 that share a common gated entry and walkway. The first (1518) is a 1,364 sq. ft. duplex, which consists of 2, 1BR/1BA units. The second (1524) is a 3,876 fourplex that includes 2, 1BR/1BA units, 1, 3BR/1BA unit, 1, 4BD/1BA unit and a non-conforming 1BR/1BA cottage. Best of all?—Additional space in the rear of the two lots presents a clear ADU development opportunity. Located in Oakland’s Clinton neighborhood, these properties offer prospective investors much in the way of long-term value. Not only are the current rents below market rate, but the area is seeing a resurgence of renter interest due to its exceptional restaurants, abundant green spaces, and proximity to key commuter thoroughfares such as Interstate 880.
Listing description from the July 2022 sale, as reported to CRMLS.
Sale history
