2333 Humboldt Ave, Oakland, CA 94601

About this property

5 UNIT COMPLEX . 4693 SQFT $1,350,000 Unit 1 = 3 bed, 2 bath, 1100 sqft. Unit 2-4 = 2 bed, 1 bath, 900 sqft. Unit 5 = 1 bed, 1 bath, 800 sqft. COMMERCIAL INVESTMENT PROPERTY Coin operated laundry Single car garage parking for each unit Expansive driveway for additional parking This 5 unit complex is located within 5-7 minutes of both the 880 and 580 interstate freeways that connect you to neighboring cities. A 10 minute drive westwards brings you to Lake Merritt and the bustling shops of Piedmont. It rests on a quiet street in a friendly neighborhood and serves as a great investment property as 4 of the 5 units are already occupied with preexisting tenants. The third unit is a 3 bedroom, 2 bath unit and is currently available. Its availability allows for an approximate added $3300-3600 revenue per month with the right tenant. This available unit is updated with laminate floors and has the largest interior space of the 5 units. A rear deck that opens to a quiet creek will certainly entice any future tenants. A coin operated laundry and plenty of parking make it advantageous for tenants as parking has always been a hurdle in major metropolitan areas like Oakland and San Francisco.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold June 2023 · listed $995,000, orig. $1,495,000, on market January 2023 · MLS #41016823 · Source: CRMLS

Listing Agent: Juan Sabino · Listing Office: Luxe Realty Group · Contact: 925-421-7227 · Bought with: David Howarth · The Pinza Group, Inc

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