Description

This five-unit multifamily investment opportunity is located in the vibrant Temescal neighborhood of Oakland. Known as one of Oakland’s most desirable areas, the Temescal district features a lively mix of popular restaurants, cafes, and boutique retail along an energetic streetscape. The property sits on a generous 7,500 SF lot and consists of two separate buildings. The front building, located along Telegraph Avenue, includes four 1-bedroom, 1-bathroom units, with two units on the ground floor and two on the second level. The rear building will be delivered vacant, presenting a unique opportunity for owner-occupancy or lease-up. Fully renovated in 2014, it offers excellent flexibility. The upper level features a 2-bedroom, 1-bathroom unit, while the ground level includes three rooms, a half bath, and a separate storage/utility area. This spacious lower flex area has potential for a variety of uses. This is a rare opportunity to acquire a well-located asset with upside potential in one of Oakland’s most sought-after neighborhoods. Buyers are advised to conduct their own due diligence with the City of Oakland regarding possible improvements and use.