5412 Claremont Ave, Oakland, CA 94618
- $9,874,000
Listed by Steven Peterson, (408) 509-0700 from Infinity Investments
(If provided) CoList: from
- List Price
- $9,874,000
- MLS#
- BE41126873
- Status
- ACTIVE
- Lot Size
- 10,150
- Listing Area
- Oakland Zip Code 94618
- Year Built
- 1963
Property Description
We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland's premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property's strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco's Financial District and seamless highway connectivity via Route 24. This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas + electric meters. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market
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Additional Information
- Acres
- 0.23
- Amenities
- Other
- Exterior Features
- Brick Veneer
- Floor Covering
- Other
- Heating System
- Electric
- Lot Size
- 10,150
- Neighborhood
- Oakland Zip Code 94618
- Numberof Units
- 33
- Other Rooms
- Basement - Partial
- Roof
- Composition
- Unincorporated Yn
- Yes
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