3128 Fruitvale Ave, Oakland, CA 94602
3128 Fruitvale Ave, Oakland, CA 94602
3128 Fruitvale Ave, Oakland, CA 94602
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$3,525,000
Est. payment /mo
14,871 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,871 sqft

Price per Sqft $237

Subdivision Oakland

MLS Listing ID 41149663

HOA Y/N No

Year Built 1950

Lot Size 0.459 Acres

Acres 0.46

Property Sub-Type Multi Family

Property Description

Renovated with huge upside: ownership has invested $492,707 in improvements since 2018, yet eight of the 14 apartments still rent below $1,300 a month, leaving 53% upside to market. The work includes six gut-remodeled units, new copper plumbing and a heat pump water heater, a sewer lateral, main electrical panels, a roof and a new parking lot. The property is Soft Story and SB 721 compliant. Offered at $3,525,000, a 6.02% current cap and 10.13 GRM, growing to a 10.36% cap and 6.69 GRM at market rents. This 18-unit mixed-use property in Oakland's Dimond District offers 14 apartments and 4 commercial storefronts across three buildings on a 20,000 SF lot with 14 surface parking spaces. The unit mix is seven 1BR/1BA units, seven 2BR/1BA units and four commercial suites. Just 0.2 miles to Farmer Joe's with easy access to I-580 and Fruitvale BART.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Other

Flooring Laminate, Wood

Fireplace No

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public

New Construction No

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Bridge MLS
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Listed by Willem Bos • COMPASS

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Realtors DRE01254724 / 01254725

Realtors DRE01254724 / 01254725

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