Address
2621 Fruitvale Avenue Oakland, CA
Price
$ 1,399,999
Property Attributes
  • MLS#OC21100456
  • TypeCommercial
  • CountyALAMEDA
  • CityOakland
  • Zip94601
  • StyleMixed Use
  • Year Built1961
  • Taxes$ 9356
  • Price$ 1,399,999
  • Bedrooms17
  • Full Bathrooms22
  • Half Bathrooms0
  • Lot Size4,160 SqFt
Listing Provided Courtesy Of:
Joseph Shahrour with Keller Williams Realty Newport.
Data Source:
CRMLS
Property Description

Current Cap Rate: 3.79% | Market Cap Rate: 6.6% | Day One Cash on Cash 5.05 % OCCUPY, DEVELOP, OR LEASE INVESTMENT. The Shahrour & Barnes CRE Group is pleased to present a great asset opportunity to acquire in a high-demand area of Oakland, CA. 2621 Fruitvale offers the next owner a unique opportunity to acquire a Corner Lot - “Mixed Use Residential/Commercial Zoning” 2-story Building of 3,432 SF on 4,160 SF LOT consisting of 5 Units: First Floor Retail Unit and Four (4) 2nd Floor Residential Units with the ability to construct an ADU (Accessory Dwelling Unit) and create immediate Value Add. The property is centrally located near local amenities such as local shops, restaurants, and entertainment along Fruitvale Avenue and Macarthur Blvd. Tenants enjoy quick access to major Bay Area transportation arteries, such as I-880, I-580, Highway 13, and Fruitvale BART directly connecting them to San Francisco, the East Bay, North Bay, and Silicon Valley. This opportunity allows for both local and regional investors the opportunity to acquire an investment in a popular market with the strong growth potential of both income stream and investment value. The property is currently 100% occupied, built-in 1961, and recently upgraded by the current owner.

Price History
5/11/2021 Listed $1,399,999

General Features

Business Type Appliances, Accounting, Auto Dealer, Arts and Entertainment, Administrative and Support, Auto Parts, Advertising, Commercial, Computer, Convenience Store, Dance Studio, Child Care, Deli/Catering, Dental, Doughnut
Co-Listing Agent State License # 01433767
Community Features Park
Construction Materials Frame, Stucco
Cooling Central Air, Electric
Electric 220 Volts
Heating Central, Electric
Listing Agent Joseph Shahrour - BRE#02089476
Listing Agent State License 02089476
Property Sub Type Additional Mixed Use
Property SubType Mixed Use
Property Type Commercial Sale
Security Features Smoke Detector(s), Window Bars
Special Listing Conditions Standard
Terms 1031 Exchange
Total Units 15
Utilities Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Sewer Expense 2000
Zoning RM-2

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior Features

Fencing Good Condition, Wrought Iron
Lot Dimensions 4160
Lot Features 2-5 Units/Acre, Back Yard, Corner Lot, Near Park, Sprinkler System, Street Level, Value In Land
Lot Size Acres 0.1
Lot Size Area 4160
Lot Size Source Assessor
Lot Size Square Feet 4160
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public, Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 94601

Price
AVG $1.4M
$1.4M
Taxes
AVG $9,356
$9,356
Visits
AVG 9
8
Year Built
AVG 1961
1961
Walkscore
AVG 85
85
Data Provided by Walkscore ® not using MLS data

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