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Listed by Jun Li • Alliance Bay Realty • 510-589-7259
$1,240,000
Est. payment /mo
3,032 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,032 sqft
Price per Sqft $408
MLS Listing ID 41113788
HOA Y/N No
Year Built 1905
Lot Size 3,500 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
Over $10,000 Monthly Rental Income! A rare 5-unit investment property in Oakland's Highland Terrace, offering both strong cash flow and future upside. This charming 5-unit building features a blend of updated interiors and exterior details, with several units recently renovated to maximize tenant appeal and rental value. The current tenants are clean, reliable, and financially stable—making management easier and more worry-free for the new owner. In addition, the property includes a basement with an approved permit to be converted into a legal 3-bedroom/1-bath unit, which could generate at least an additional $2,800+ in monthly rental income. Just minutes from Fruitvale BART, Highland Hospital, and Lake Merritt, with strong rental demand in the area, this property combines urban convenience with neighborhood charm—ideal for seasoned investors seeking steady cash flow as well as owner-occupants looking for flexible income potential.
Location
State CA
County Alameda
Interior
Heating Other
Cooling None
Flooring Laminate, Linoleum, Tile, Carpet
Fireplace No
Window Features Window Coverings
Appliance Dryer, Washer
Building
Lot Description Corner Lot
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