Property Overview:
Mixed-use investment property in Oakland, CA offering significant income potential and flexible use. Features a large 4+ bedroom, 2 bath residential unit upstairs (approx. 2,000 sq ft) and an open commercial/retail space downstairs (approx. 2,000 sq ft), for a total of ~4,000 sq ft. The property is vacant and ready for a new owner or investor.
Investment Highlights:
- Major price reduction; motivated seller.
- Potential gross rent:
- Upstairs residential unit: Estimated at $3,500/month.
- Downstairs commercial/retail: Estimated at $2,500/month.
- Total potential gross income: $72,000/year.
- Multiple income streams: Live/work, rent both units, or operate a business.
- Possible value-add: Potential to convert commercial space to additional residential unit (check with City of Oakland for permitted uses).
Property Features:
- Upstairs:
- 4+ bedrooms (possibly 5), 2 bathrooms.
- Large kitchen, study/office.
- Approx. 2,000 sq ft of living space.
- Downstairs:
- Approx. 2,000 sq ft open commercial/retail space.
- Formerly a successful neighborhood market.
- Flexible layout for business, studio, or conversion.
- Small rear yard for leisure or additional use.
- No parking garage; possible to create a drive-in garage (verify with city).
- Zoning: Check with City of Oakland for all possible uses and conversions.
Location & Neighborhood:
- Convenient, central location in a fast-improving area.
- Close to local businesses (Philomena Pizza, Coin Laundry, Pho Huynh Hiep, etc.).
- Easy access to public transportation and major thoroughfares.
- Great for live/work, artist commune, or creative workspace.
Additional Details:
- Vacant: Place your own tenants or occupy immediately.
- MLS #EB41061321.
- Approx. 4,000+ sq ft total.
- Public utilities: Water, sewer, electric heating.
- No HOA fees.
- Buyer to verify all uses and square footage with City of Oakland.
Summary:
Ideal for investors, owner-users, or creative entrepreneurs seeking a versatile property with strong income potential in a growing Oakland neighborhood. Schedule a private showing to explore the possibilities!