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Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$3,080,000
Est. payment /mo
3 Beds
3 Baths
8,259 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,259 sqft
Price per Sqft $372
MLS Listing ID ML82042473
Bedrooms 3
Full Baths 3
Year Built 1954
Lot Size 4,900 Sqft
Property Sub-Type Five or More Units
Property Description
Marcus & Millichap is pleased to present 185 15th Street, a 14-unit apartment community located just two blocks from Lake Merritt in the heart of Downtown Oakland. This well-located asset offers a strong value-add opportunity in one of Oaklands most desirable rental markets. The property has seen major capital improvements, including all new dual-pane windows, a completed seismic retrofit per city ordinance, and several renovated units. Additionally, six vacant units provide a clear path to renovate and lease at full market rents. With a prime location and meaningful upside, 185 15th Street is well-positioned for both immediate income growth and long-term appreciation.
Location
State CA
County Alameda
Area Oakland Zip Code 94612
Zoning RM
Interior
Heating Gas
Cooling None
Laundry Coin Operated
Exterior
Parking Features On Street
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 008-0628-002
Security Features None
Special Listing Condition Not Applicable
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