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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$3,398,000
Est. payment /mo
3 Beds
3 Baths
8,798 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 8,798 sqft
Price per Sqft $386
MLS Listing ID ML82041027
Bedrooms 3
Full Baths 3
Year Built 1926
Lot Size 6,648 Sqft
Property Sub-Type Five or More Units
Property Description
Marcus & Millichap is pleased to present 42124218 Piedmont Avenue, a premier 10-unit mixed-use asset located in one of Oakland's most desirable and walkable neighborhoods. The property features a balanced unit mix of 6 residential apartments and 4 well-positioned ground-floor commercial suites, providing a diverse and stable income stream. Offered at an attractive 7.33% CAP rate, the asset presents investors with strong in-place cash flow and long-term upside in a high-barrier-to-entry location. Situated along the vibrant Piedmont Avenue corridor, the property benefits from exceptional foot traffic, immediate access to top-tier dining, retail, and entertainment, and proximity to major transportation corridors including Highway 24, I-580, and BART. This is a rare opportunity to acquire a high-yield, well-located asset in one of Oaklands premier submarkets.
Location
State CA
County Alameda
Zoning C
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Parking Features No Parking
Utilities Available Public Utilities
Roof Type Rolled Composition
Building
Foundation Wood Frame
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 012-0990-020
Security Features None
Special Listing Condition Not Applicable
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