Properties

Comm Ri Multi-units 5+ For Sale

18,639 Sqft - 180 Montecito Ave, OAKLAND, California 94610

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Property Description

180 Montecito Ave. (180 Montecito) is a unique 1950’s apartment building with large spacious apartments. The property boasts large studios and 1 bedroom units, hardwood floors, steam heat, abundant parking (19 spaces for 21 units), and abundant storage (22 spaces for 21 units). Most of the units are large enough to add an additional bedroom which could allow buyers to convert studios into 1 bedroom/1bath units and convert 1bd/1ba units into 2bedroom/1 bath units. An experienced buyer can realize the upside in this investment by updating the kitchens/bathrooms and/or converting the units by adding bedrooms. Located in Adams Point, one of the most coveted rental neighborhoods in Oakland, the property offers quick access to the 580 Freeway, Public Transportation on Grand Avenue. 180 Montecito is near Whole Foods, Grand Lake Theatre, and it is within walking distance to Uptown Oakland’s fine dining, cafes, and the 1900 Broadway St Oakland BART Station.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40847436
Price : $7,000,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 18,639 Sqft
Year Built : 1951
Lot Area : 0.24 Sqft
Features
Heating System : Steam
Roof : Rolled Composition
Address Map
Country : US
State : CA
County : Alameda
City : OAKLAND
Zipcode : 94610
Street : Montecito Ave
Street Number : 180
Floor Number : 0
Longitude : W123° 44' 29.2''
Latitude : N37° 48' 43.5''
MLS Addon
Office Name : LAPHAM COMPANY, INC.
Building Type : Midrise (4-6 Flrs)
Area : Oakland Zip Code 94610
Address : 180 Montecito Ave
Cross Street : Lenox Ave.
Directions to Property : Lenox Ave. to Montecito Ave.
LA1User Code : R01464097
LA1Agent First Name : Tsegab
LA1Agent Last Name : Assefa
Status Category : Sold
Tot # Parking Spaces : 19
Tot # of Units : 21
List $/SqFt : $376
Age : 67
Apx Lot Sq Ft : 10,350 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ADDTL FEATURES MISC. : Elevator
ALL UNITS HAVE : Oven Range Free Standing, Refrigerator
DISABLED FEATURES : Elevator
EQUIPMENT ADDITIONAL : Intercom
EXTERIOR : Stucco
FLOORING : Vinyl, Hardwood Floors
LOT DESCRIPTION : Other
ON-SITE PARKING DESC : Attached Garage
OPERATING EXPENSES : Other
SOME UNITS HAVE : Refrigerator, Oven Range Free Standing
TENANT PAYS : Other
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Laundry Room, Laundry Equip - Leased
Census Tract : 4037.01
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Other, Estimated
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $7,000,000
Sold Price : $6,000,000
Previous Price : $7,000,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40847436
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 18,639 Sqft
$7,000,000
Agent info
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