515 E 11th St, Oakland, CA 94606 – 41070061 - Tracy Baker

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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 745,000

Est. payment | -/mo

3,998 Sqft Lot

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$ 745,000

Est. payment | -/mo

Save

3,998 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41070061

HOA Y/N No

Year Built 1906

Lot Size 3,998 Sqft

Property Description

www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 3

Building

Water Other

Listed by Steven Pinza • The Pinza Group, Inc

+1(619) 507-4230

tracy@tracybbaker.com

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