515 E 11th St
Oakland, CA 94606
0.09 acres | #41070061
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.
Property Details
- Acres0.0918
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1906
Utilities / Energy Details
- Utility SourceOther
Community and Neighborhood Details
- CountyAlameda
Financial Details
- Original List Price$745,000
Other
- MLS #41070061
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Steven Pinza (#BMLS-R01867691)
Listing Office: The Pinza Group, Inc (#BMLS-OBPINZA)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
