MLS® ID: 40866762
1932 Seminary Avenue
OAKLAND, California, 94621 $709,000
The M|K| D Group powered by Realtysource is pleased to offer this unique four (4) unit Multifamily Investment opportunity located at 1932 Seminary Avenue in Oakland, CA. This two-story, 3,218 SF building built in 1918 on a 6,000 SF lot with a beautiful front yard is constructed of wood frame and stucco on a raised foundation. Having incredibly high upside potential, the property is comprised of an impressive unit mix of two (2) 2+2 units, one (1) 2+1, and one (1) 1+1 boasting a 41% rental upside. The property is subject to the City of Oakland’s rent control program. 1932 Seminary supplies on-site parking, as well as on-site laundry which has potential for additional income, and each unit is individually metered for PG&E. Buyer to participate in 1031 at no additional cost. 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement.