Property Details
About this Property
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.
MLS Listing Information
MLS #
EB41070061
MLS Source
Bridge MLS
Days on Site
94
Interior Features
Flooring
Other
Cooling
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Water
Other
Complex Amenities
Other
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
515 E 11th St is a Residential Income in Oakland, CA 94606. This 3,181 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $745,000 and was built in 1906. This address can also be written as 515 E 11th St, Oakland, CA 94606.
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This listing information is up-to-date as of August 23, 2024. For the most current information, please contact Steven Pinza, (510) 725-4775
