CA > Oakland > Clinton
Oakland, CA 94606,2244 12th Ave
Oakland, CA 94606,2244 12th Ave
Oakland, CA 94606,2244 12th Ave
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,400,000
Est. payment /mo
7,501 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Clinton

MLS Listing ID 41113160

HOA Y/N No

Year Built 1962

Annual Tax Amount $23,888

Lot Size 7,501 Sqft

Property Description

Cap Rate - 6.49% (Current) | GRM - 8.78 (Current) | Cap Rate - 8.54% | (Proforma) | GRM - 7.28 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Total Parking Spaces 7

Building

Lot Description Corner Lot

Others

Tax ID 2230115

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CRMLS – RECore
Listed by Davide Pio BCRE
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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