2417 Ivy Dr
Oakland,
CA
94606
Property Details
List Price: |
$1,400,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
4152 |
Agency: |
Real Broker Technologies, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Other |
Year Built: |
1941 |
Notes: |
TRANSPARENT PRICING! Welcome to 2417 Ivy Drive, a classic 1940s five-unit building with a ton of charm and period details located in Oakland’s Ivy Hill close to Lake Merritt. This three-story well-maintained building consists of five large residential units (830 average SF per unit) over a laundry room and basement area approved (but expired) for a sixth unit expansion. All five units feature hardwood floors and are tenant-occupied, and in addition to the approved sixth unit within the building’s envelope a feasibility study states that two ADUs can potentially be built in the large backyard to extend this property to eight units total. All units are 2BD/1BA with living rooms and separate dining areas. Gross monthly rent is $10,611. LOW price per unit ($280,000/unit) and square foot ($337/SF) with accompanying 18% upside in rents. Units are separately metered for PG&E. The location can't be beat - no car is necessary here with a walk score of 86. 1.5 miles to Lake Merritt BART; a little over a half mile to Lucky supermarket and beautiful Lake Merritt; and easy access to all the popular bars, restaurants and venues of Downtown, Uptown and the Grand Lake Ave/Lakeshore Ave district. |
MlsNumber: |
41062486 |
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Listing Provided By: |
Real Broker Technologies, Inc., original listing |
Name: |
Real Broker Technologies, Inc. |
Phone: |
(619) 248-6434 |
Office Name: |
Real Brokerage Technologies |
Office Phone: |
(619) 248-6434 |
Agent Name: |
Joshua Silverman |
Disclaimer: |
Copyright © 2024 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |