31 Excelsior Ct
- Unique Spanish-Style Architecture: A rare and beautiful Spanish-style building located on a cul-de-sac, just a short walk from Lake Merritt, Trader Joe’s, and the popular shops and restaurants along Lakeshore and Grand Lake.
- Attractive Unit Composition: This property offers four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet, designed to appeal to high-quality tenants with modern features and ample living space.
- Strong Cash Flow: Generates steady income with an estimated $13,000/month in rental revenue.
- Owner/Occupy Potential: 2 vacant units provides an ideal opportunity for an owner-occupant to live in while collecting over $9,000/month in rental income to help offset mortgage costs.
- Prime Cleveland Heights Location: Situated in the highly sought-after Cleveland Heights neighborhood, offering scenic views, residential charm, and proximity to Lake Merritt and downtown Oakland.
- Spacious Units: Each two-story unit exceeds 1,000 square feet, providing generous living spaces for tenants.
- Convenient Amenities: Includes four garages, off-street parking, and in-unit laundry for each unit.
Property Description
This property in Cleveland Heights offers a compelling investment opportunity with four spacious 2-bedroom, 1.5-bath units, totaling 4,186 square feet. The modern amenities and generous living spaces are designed to attract high-quality tenants, making it a desirable option in a sought-after neighborhood. Each unit is spread across two stories and provides over 1,000 square feet of living space, ensuring plenty of room for tenants to enjoy comfortable living. With a total of $13,000 per month in estimated rental income, the property presents a strong cash flow for investors looking for stable returns. For those interested in owner-occupying, the building offers a unique advantage with a vacant unit available for personal use. An owner could reside in this unit while collecting over $9,000 per month from the other three units, significantly offsetting mortgage costs. This feature makes it a flexible opportunity for buyers who want to live in a prime location while benefiting from rental income. The combination of high rental demand and owner-occupy potential makes this an attractive option for both investors and homebuyers. Located in the coveted Cleveland Heights neighborhood, the property enjoys scenic views and a charming residential atmosphere, with close proximity to Lake Merritt and downtown Oakland. The building itself is a rare Spanish-style find, situated on a quiet cul-de-sac within walking distance to local amenities such as Trader Joe’s, Lakeshore, and Grand Lake’s popular shops and restaurants. With four garages, off-street parking, and in-unit laundry, the property offers convenient amenities that add value for tenants. This combination of location, unique architecture, and modern features makes it a standout investment in a high-demand area.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,710,000 |
| No. of Units: | 4 |
| Year Built: | 1938 |
| Lot Size: | 0.19 Acres |
| Opportunity Zone: | No |
| Price per unit: | $427,500 |
| Property Website | Click Here |
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