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$ 1,675,000
Est. payment | /mo
5,000 Sqft Lot
$ 1,675,000
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82045376
HOA Y/N No
Year Built 1910
Annual Tax Amount $21,740
Lot Size 5,000 Sqft
Property Description
848 International Boulevard presents a well-maintained 7-unit multifamily investment opportunity in a strong rental market. The property features a highly desirable unit mix consisting primarily of spacious three-bedroom units, catering to strong and consistent rental demand from families and shared households. Since acquiring the property in 2018, ownership has invested significantly in capital improvements, including approximately $110,000 to complete Oaklands mandatory soft-story seismic retrot in 2024substantially reducing future structural risk and bringing the property into compliance with current city requirements. Additionally, four units have undergone major renovations to enhance interior appeal and positioning the asset for continued rental upside. With a combination of in-place income stability and value-add potential through further unit upgrades, the property offers investors a balanced prole of durability and growth. Its corner lot positioning, functional layout, and ongoing improvements make it an attractive long-term hold in a supply-constrained rental market.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning CN-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 3
Utilities Available Other
Roof Type Tar/Gravel
Building
Water Other
Schools
School District Other
Others
Tax ID 0200137009
Special Listing Condition Standard
Listed by Sam Runco Marcus & Millichap #01977683
Nearby Locations
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