Fourplex · 2 recorded sales since 2016
Listing Agent: Joey Wang (DRE #01890931) · Listing Office: KELLER WILLIAMS REALTY · Contact: 925-934-2900 · Bought with: Jatin Mehta · Kite Hill Real Estate · MLS #40966429 · Source: CRMLS
With four units (2, 1BR/1BA and 2, 2+BR/1BA) and 3,901 sq. ft., Oakland’s 283 Park View Terrace is a versatile multifamily property that’s ready for new ownership. Strong existing income, ADU potential, and a central location that’s near Downtown Oakland as well as Lake Merritt make this a smart investment for either the short- or long-term. Exceptional shopping and dining options along nearby Broadway street, Grand avenue, and Lakeshore avenue ensure any vacancies will be both short-lived and filled with desirable new tenants. For those looking to occupy as well as own, know that one of the units (a top-floor, 1BR) will be delivered vacant at close. It bears mentioning that—from a structural standpoint—the foundation, plumbing, and electrical are all relatively new, which means the new owners will not be required to expend additional dollars on costly modernization projects.
Listing description from the November 2021 sale, as reported to CRMLS.