This classic Victorian style building with three units and a cottage is located on a corner lot in the upcoming McClymonds neighborhood in West Oakland with easy transportation access. This mostly residential area includes many repurposed warehouses/factories where diversity & the local friendly hip arts community strive.
Two units are vacant, including the largest, most desirable and eclectic one with views of both downtown Oakland and San Francisco skyline - great opportunity for house hacking owner-occupant!
The property features a solar panels system and each unit has been tastefully remodeled over the time. The shared, low maintenance, brick patio provides off street parking and outdoor space for all tenants.
This is an attractive and rare opportunity to invest in a centrally located, spacious, yet still affordable income property that will attract tenants from all socio-economic backgrounds. And will produce a respectable cash flow - Cap Rate 7%.