Active

New

1430 7th Ave

Oakland CA, 94606

$1,050,000


$360.33 per sqft

Active

New

2,914 sqft

Multi-family

Built in 1907

1430 7th Avenue is a well maintained, beautiful 7-unit (3, 1BR/1BA + 4, Studio) building that showcases Oakland's iconic Queen Anne Victorian architecture. Generating over $10,000/mo in gross profit with 0 long-term tenants, this is a turnkey investment that delivers fantastic cashflow at $150K per unit. At 2,914 sq. ft., it includes an onsite laundry, basement storage for an additional income opportunity, and a driveway for 2-car tandem parking. In addition to 6 of the 7 units being remodeled, 1430 7th Ave was seismically retrofitted with permits in 2022 (bolts, steel placements, shearwalls, holddowns). Situated in the historic Clinton neighborhood and only a handful of blocks from Lake Merritt, tenants have everything they could ever need virtually on their doorstep. From bike paths and running trails to groceries and banking, there are no shortage of urban amenities to enjoy, including incredibly important public transit access (BART + AC Transit) and easy access to Highways 880 & 580. Do not miss your chance to add this meticulously maintained property to your portfolio.

41082599

MLS ID

January 16, 2025

Listed

January 16, 2025

Updated

Map

1430 7th Ave
Oakland CA, 94606

Interior Features

Appliances

Built-In Range, Dryer, Washer, Gas Water Heater


Laundry Description

Common Area


Floor Description

Tile, Vinyl, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Room Air


Heating

Yes


Heating Description

Forced Air, Natural Gas, Wall Furnace, Hot Water

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Level, Landscape Front, Paved, Landscape Back


Sewer

Public Sewer

Other Property Details

Area Name

Oakland


Garage

Yes


Parking

Side Yard Access, Drive Thru Garage


View

No


County

Alameda


Water Source

Public


Pool

No

Listed by Joey Wang with Keller Williams Realty
Listing Contact: 510-592-4244 

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