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Listed by Alina Siert • KW Advisors, DRE#01893238
$8,965,000
Est. payment /mo
16,830 SqFt
Open House
Thu Oct 22, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 16,830 sqft
Price per Sqft $532
MLS Listing ID ML82064392
Year Built 1963
Lot Size 8,517 Sqft
Property Sub-Type Five or More Units
Property Description
33 one-bedroom, one-bath apartments at 5412 Claremont Avenue in a three-story building built in 1963, with about 16,830 SF. Some units have balconies, and about 80% of units have been renovated. Laundry on site. Sewer lateral certified by EBMUD through 2035. Market rents run about 11% above in-place rents. In North Oakland between Rockridge and Temescal, backing onto the Rockridge-Temescal Greenbelt (Frog Park), about 0.1 mi from the Temescal Farmers Market and about 0.5 mi from Rockridge BART and College Avenue shops and dining, with Highway 24 nearby. 5.50% current cap; 5.28% pro forma cap. Existing financing in place. Motivated ownership: all offers reviewed; Q4 2026 close preferred.
Location
State CA
County Alameda
Area Oakland Zip Code 94618
Zoning R60-S4
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions Other
Tax ID 014-1256-003-02
Security Features Other
Special Listing Condition Not Applicable
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