Property Details
Upcoming Open Houses
About this Property
An exceptional investment opportunity in the highly sought-after Grand Lake area, just behind the iconic Grand Lake Theater. This two-story, 5-unit apartment building features a front structure built in 1943, with a rear addition built later, providing a total of +/-4,605 square feet of living space. The unit mix includes (4) 2-bedroom/1-bath units & (1) 1 bedroom/1-bath unit. In a vibrant neighborhood with increasing property values & strong demand for housing, this is a prime opportunity for investors. $76,488/annually (+/-4.725% cap rate, +/-16.93 GRM). Vacant 2bd/1ba offers significant rental upside $105,960 +/-annually (+/-6.54% cap rate, +/-12.22 GRM). Add value opportunity with potential projected rental income of $153,600+/-annually (+/-9.35% cap rate, +/-8.56 GRM). (5) Gas meters, (4) Electric meters, (4) Water meters, (5) Off-street parking spaces. Situated between Grand Ave and Lakeshore Ave, join friends for brunch at one of the many diverse eateries or catch the latest movie from the iconic Grand Lake Theater or gather your organic produce every Saturday morning at the farmer’s market. Enjoy the Lake Merritt vibe and get in your daily exercise along the lakefront with a WalkScore of 97. Located near BART, downtown Oak-SF, casual carpool & major freeways.
MLS Listing Information
MLS #
EB41079321
MLS Source
Bridge MLS
Days on Site
1
Interior Features
Flooring
Other
Cooling
None
Heating
Gravity, Wall Furnace
Exterior Features
Roof
Composition, Rolled/Hot Mop
Parking, School, and Other Information
Garage/Parking
Off-Site Parking, Spaces per Unit - 1, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
None
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 0/0 | $1,603 | – | – |
| 2 | – | – | 0/0 | $1,502 | – | – |
| 3 | – | 2 | 0/0 | – | – | – |
| 4 | – | 2 | 0/0 | $1,715 | – | – |
| 5 | – | – | 0/0 | $1,554 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
481 Wickson Avenue is a Residential Income in Oakland, CA 94610. This 4,605 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,295,000 and was built in 1943. This address can also be written as 481 Wickson Avenue, Oakland, CA 94610.
©2024 Bridge MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 20, 2024. For the most current information, please contact Giuseppe Zumbo, (510) 331-5153
