19
See all 19 photos
$3,090,000
Est. payment /mo
7,000 Sqft Lot
Active
27122726 Park BLVD Oakland, CA 94606
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
12/05/2024 12:10 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81944037
HOA Y/N No
Year Built 1950
Annual Tax Amount $15,937
Lot Size 7,000 Sqft
Property Description
Seize a rare 75% vacant opportunity for an exceptional investment & excellent frontage. Instant income generation w/a superb Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% Pro Forma cap. A multi-use building w/5 spacious commercial units (vacant) & 6 1BD/1BA residential apartments (3 vacant), in a desirable rental market; commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~3k SF; it's a fantastic opportunity for development or expansion; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Increasing Building Height is an option! Abundant Space: ~12,700 SF Total Lot, & Per Appraiser Total Building ~12,868 SF.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RU-5
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Flat
Present Use Residential
Building
Story 2
Water Public
Others
Tax ID 022033901701
Listed by Carol Reen • Compass
GET MORE INFORMATION
QUICK SEARCH
- Homes for Sale in Culver City
- Homes for Sale in Atwater Village HOT
- Homes for Sale in Miracle Mile HOT
- Homes for Sale in Picfair Village
- Homes for Sale in West Adams HOT
- Homes for Sale in Leimert Park
- Homes for Sale in Faircrest Heights
- Homes for Sale in Larchmont Village HOT
- Homes for Sale in Franklin Hills
- Homes for Sale in Los Feliz
- Homes for Sale in Silverlake
- Homes for Sale in Windsor Square
- Homes for Sale in Beverlywood
- Homes for Sale in Hancock Park
- Homes for Sale in Mid-City HOT
- Homes for Sale in Castle Heights HOT
- Homes for Sale in Carthay
- Homes for Sale in Wilshire Vista