MLS® ID: 40847992
1753 16Th Ave
OAKLAND, California, 94606 $895,000
1753 16th Ave is fully rented 4plex located in Oakland’s San Antonio district within close proximity of a vibrant commercial zone w/restaurants, shops & services. Originally built in 1910, this building consists of two 2 BD/1 BA units & two 1 BD/1 BA units. The property presents an opportunity for immediate cash flow with rental upside*. All tenants are on month-to- month leases with most at below market rents. This allows for the next investor the opportunity to raise rents upon turnover and increase cash flow. New roof; all units are separately metered for PG&E. • 1749 (Upstairs): 2BD/1BA - 1,063sf - $1,500/mo • 1751 (Downstairs): 1BD/1BA - 635sf - $900/mo • 1753 (Downstairs): 1BD/1BA - 1,080sf - $1,500/mo • 1755 (Upstairs): 2BD/1BA -1,052sf - $1,500/mo (OHA Sec 8) On-site laundry & storage 1.7mi to the Lake Merritt & Fruitvale BART Stations Convenient Freeway Access *Buyer to investigate with Oakland RAP regarding deferred allowable rent increases.