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Listed by Sam Runco • Marcus & Millichap, DRE#01977683
$1,725,000
Est. payment /mo
6 Beds
2.5 Baths
8,348 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,348 sqft
Price per Sqft $206
MLS Listing ID ML82045376
Bedrooms 6
Full Baths 2
Half Baths 1
Year Built 1910
Lot Size 5,000 Sqft
Property Sub-Type Five or More Units
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 Oakland Zip Code 94606
Zoning CN-3
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking
Utilities Available Other
Roof Type Tar and Gravel
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions None
Tax ID 020-0137-009
Security Features Other
Special Listing Condition Not Applicable
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Matt Cossell
Top 1% Realtor | License ID: 01382971
Top 1% Realtor License ID: 01382971