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Key Details
Sold Price $1,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Upper Laurel
MLS Listing ID 41059103
Sold Date 08/30/24
HOA Y/N No
Year Built 2005
Lot Size 0.294 Acres
Property Description
Tucked away in Upper Laurel, just southwest of Crestmont, is an investment opportunity that's laden with income ($15,300/month) and dripping in future growth potential: Oakland's 3819 Maybelle Avenue. This is a large (7,585 sq. ft.), five-unit building (5, 3BR/1.5BA) sitting on a massive 12,800 sq. ft. lot. Each unit is separately metered and in excess of 1,500 sq. ft., following a two-story, townhouse-style layout that includes formal living and dining rooms. Built in 2005, this construction is new enough that 3819 Maybelle Avenue is exempt from rent control—a rare advantage for owners. Shopping and dining options along nearby MacArthur Boulevard make this area popular with renters, as do easy freeway (I-580) and highway access (CA-13). Asking only $1.9MM ($250 sq. ft.), this is an exceptionally unique investment opportunity at a very competitive price.
Location
State CA
County Alameda
Zoning RM-3
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Total Parking Spaces 10
Building
Lot Description Street Level
Others
Tax ID 30192920
Financing Conventional
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Bought with Yian Lin • Keller Williams Palo Alto