1439 7Th Ave
Property Description
OAKLAND FOURPLEX NEAR LAKE MERRITT** **Investors, take notice!** An exceptional opportunity to acquire a fully occupied fourplex in a highly desirable Oakland location near **Lake Merritt and Lakeside Park, make, this income-producing property presents an exciting opportunity for investors looking to expand their portfolio and secure a multifamily asset in a high-demand rental market. The property features **four spacious 1-bedroom, 1-bathroom units**, each with its own comfortable living room. All four units are currently occupied by **long-term tenants**, providing an established rental-income stream from day one. Built on a **cement slab foundation**, the property offers the added benefit of reduced exposure to certain maintenance concerns commonly associated with raised foundations, including dry rot. Residents also enjoy a **generously sized backyard with mature fruit trees**, creating an attractive outdoor amenity rarely found with comparable multifamily properties. **LOCATION, INCOME & POTENTIAL FOR UPSIDE** Positioned near some of Oakland's most popular destinations, the property offers convenient access to **Lake Merritt, Lakeside Park, Grand Lake Theatre, the Grand Lake shopping district, Downtown Oakland, Chinatown, and West Oakland BART**. Dining, shopping, entertainment, employment centers, and regional transportation are all within convenient reach. Whether you're a seasoned multifamily investor, expanding your rental portfolio, or seeking an opportunity to establish a presence in one of Oakland's sought-after locations, **this fourplex deserves your attention**. **Four units. Established tenants. Prime Oakland location. ** Don't miss the opportunity to compete for this income-producing multifamily property. **Please do not disturb tenants. Offer subject to inspection.**
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $560,000 |
| No. of Units: | 4 |
| Year Built: | 1951 |
| Lot Size: | 2,626.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $140,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-CCAORCA-41145048
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