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$ 1,875,000
Est. payment | /mo
0.26 Acres Lot
$ 1,875,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Adams Point
MLS Listing ID 41152957
HOA Y/N No
Year Built 1922
Lot Size 0.259 Acres
Property Description
Truly unique (6 unit) pride of ownership property within 2 blocks of Grand Ave & Lake Merritt. Comprised of (6) completely detached single-story cottage units-(4) 2-bedrooms & (2) 1-bedroom (may be converted to 2s). Property was carefully renovated in 2016-17 to modernize every facet of the structures & systems, while preserving original craftsman charm&character. Improvements at that time included new sewer lateral,drainage,concrete driveway,repaved parking lot, foundations, retaining walls, plumbing & electrical systems, windows, doors, roofs, stucco, water heaters, furnaces, sub-water meters, appliances & more. Kitchens & baths thoroughly renovated in (5) of the (6) units. Hardwood floors & upgraded tile throughout, wood-burning fireplaces in most units, in-unit laundry in (4)of(6) units, ind. submeters for water, central heating, ample storage beneath each unit, low maint. landscaping & mgmt. With SF rents heating up, history shows Adams Point & Lake Merritt will benefit. Fully leased. Initial leaseups post renovation in 2017 were $3250-$3350. Ideal for 1031
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Electric Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 10
Others
Tax ID 1077415
Listed by Steven Crane Morley Fredericks Real Estate Services #01243794
Nearby Locations
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3020 Old Ranch Parkway Suite 250, Seal Beach, CA 90740, US