Active
5470 Camden
Oakland CA, 94619
$3,375,000
$453.02 per sqft
Active
7,450 sqft
Commercial
Built in 1958
This 10,150 SF multifamily property, built in 1957, presents a lucrative opportunity for investors seeking solid returns. Featuring 15 units--10 1-bedroom, 1-bathroom units, 3 studios, and 2 2-bedroom, 1-bathroom units--the property provides a well balanced unit mix that appeals to a broad tenant base. Zoned R50 also offers flexibility for future development or expansion, enhancing its long-term value. Located in a highly desirable Oakland area, this asset is strategically positioned less than 5 minutes from Northeastern University and Mills College, with easy access to Highways 580 and 880. Its close proximity to Oakland International Airport and other key amenities further increases tenant demand, making it a strong rental market performer. The property is separately metered for PG&E utilities, features on-site parking, and has undergone a full seismic retrofit, ensuring modern infrastructure and reduced future capital expenditures. With potential for rent growth through tenant turnover, the property offers significant upside for value-add investors. This multifamily property combines immediate cash flow potential with strong prospects for future appreciation, making it a prime investment in Oakland's growing real estate market.
41077995
MLSⓇ ID
November 1, 2024
Listed
December 10, 2024
Updated
Map
5470 Camden
Oakland CA, 94619
Interior Features
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.16 Acres
Lot Features
Corner Lot
Roof
Other
Sewer
Public Sewer
Other Property Details
Area Name
Oakland
Garage
No
Parking
Covered
View
No
County
Alameda
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/20/2024 | Price change | $3,375,000 -4% |
Listed by Matthew Rulloda with BHHS Drysdale Properties
Listing Contact: 415-602-2882
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