1520 Madison ST new

Oakland,CA 94612

$ 2995000

1 Bed

2 Baths

10437 SqFt


Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,437 sqft

Price per Sqft $286

MLS Listing ID ML82002644

Bedrooms 1

Full Baths 2

Year Built 1921

Lot Size 0.257 Acres

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is proud to present 1520 Madison Street, an exceptional 17-unit apartment community just one block away from the vibrant Lake Merritt. Owned and meticulously maintained by the same family for over 40 years, 1520 Madison Street features thoughtfully designed one-bedroom and studio floor plans that reflect pride of ownership throughout the property. Residents enjoy convenient on-site amenities including laundry facilities, bike racks, and nine private detached garages. Priced at a 7.29% CAP and 7.99 GRM, the property qualifies for attractive bank financing - making it a standout investment opportunity.

Location

State CA

County Alameda

Area Oakland Zip Code 94612

Zoning R-90

Rooms

Other Rooms Laundry Room,Office Area

Kitchen Cooktop - Gas,Countertop - Laminate,Countertop - Tile,Oven - Gas,Refrigerator

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Detached Garage,Off-Street Parking

Garage Spaces 9.0

Utilities Available Individual Electric Meters,Individual Gas Meters

Roof Type Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 8-630-10

Security Features None

Special Listing Condition Not Applicable

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