515 E 11Th St, Oakland, CA 94606
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Listed Price :
$745,000
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Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1906
Property Description
www.pinzaoaklandportfolio.com; The Pinza Group is pleased to present 515 E 11th St, a distinguished five-plex in Oakland's sought-after Merritt neighborhood. The property offers three expansive studios and two 2bd/1bth units. Its strategic location near the Lake Merritt BART station positions it as an attractive option for commuters. The one studio unit, set to be delivered vacant, presents a perfect opportunity for both new investors aiming for owner occupancy through a low downpayment loan and seasoned investors looking to capitalize on market-rate rents. The current rental rates, set at approximately 40% below market, unveil a substantial opportunity for significant rental upside upon turnover, capital improvement pass-throughs, or tenant buy-outs. This property stands as an excellent investment avenue with a clear upside for growth, suitable for both established investors and those seeking an owner-occupied investment. Current GRM 9.32; Market GRM 6.02; Email agent on property website for more info.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
515 E 11Th St |
| City |
Oakland |
| State |
CA |
| Zip |
94606 |
| County |
Alameda |
| Listing Agent |
Steven Pinza DRE #01867691 |
| Courtesy Of |
The Pinza Group, Inc |
| List Price |
$745,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
4,000 |
| Year Built |
1906 |
Listing information courtesy of: Steven Pinza, The Pinza Group, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 23rd, 2024 at 1:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
