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Listed by Frank Hennefer • Frank T. Hennefer, Broker
$ 3,000,000
Est. payment | /mo
14,300 SqFt
$ 3,000,000
Est. payment | /mo
14,300 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,300 sqft
Price per Sqft $209
Subdivision Dimond District
MLS Listing ID 41105250
HOA Y/N No
Year Built 1927
Lot Size 5,700 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
This 18 unit multi-residential building plus 1 commercial storefront was built in 1927 and is located above the 580 Freeway in the bristling Dimond District neighborhood known for its wonderful restaurants, stores, local banks and access to public transportation. Well known Farmer Joe's Marketplace on Fruitvale Avenue offers fresh produce and has a quality meat market. Nearby are Safeway Market, CVS, and several highly rated cafes. Local residents conveniently have nearly everything within living distance. There's also carpooling at Fruitvale and Montana Street. Local Dimond Park on Fruitvale offers tennis courts, a pool, and a playground area for children. The property has been under long-term current ownership and has been maintained under professional property management for many years. Over the last 9 years several improvements have been completed. These improvements include exterior painting, seismic retrofitting, newer roof, newer water heater tank, and newer fire alarm system. Many of the apartments have been renovated including updated kitchens and baths. The heat to the building is provided through energy efficient boiler located in the basement. There are separate electric meters which are tenant expenses. There is one master water meter which is an owner expense.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Steam
Cooling None
Flooring Vinyl, Carpet, Wood
Fireplace No
Laundry Coin Operated, Common Area, Laundry Equip - Leased
Building
Lot Description Corner Lot, Level
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397