Description

1625 7th St Oakland, California, 94606 Land - 4,125 Sqft Building Area - 1498 Sqft 3 unit apartment - FULLY OCCUPIED Unit 1629 - 2 Beds and 1 bath, 592 Sqft, $1,800/ month Unit 1627 - 2 Beds, 1 Bath, 540 Sqft, $1,800/ month Unit 1625 - Studio, 366 Sqft, $800/ month Possible ADU 1/1 for Unit D Amenity-Rich, Fully Occupied Investment Opportunity Near Lake Merritt Ideally located at 1625 7th Ave in Oakland, this property is just a short 9-minute walk to Lake Merritt, renowned for its iconic “Necklace of Lights.” Residents enjoy immediate access to scenic walking paths, outdoor recreation, and one of the East Bay’s most vibrant lifestyle destinations. This fully occupied 3-unit apartment building offers an exceptional opportunity for both investors and owner-occupants, live in one unit while generating steady rental income from the others. The property benefits from excellent connectivity, with convenient access to BART, major freeways, and key employment centers. Its central location places tenants just minutes from Downtown Oakland, Uptown, and Berkeley, enhancing its long-term rental appeal. Designed for operational efficiency and ease of management, each unit is individually metered for gas and electricity, reducing owner expenses and simplifying utility allocation. Recent capital improvements include a new roof completed in October 2019, providing added peace of mind and minimizing near-term maintenance costs.