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$ 750,000
Est. payment | /mo
4,125 Sqft Lot
$ 750,000
Est. payment | /mo
4,125 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Lake Merritt
MLS Listing ID 41131476
HOA Y/N No
Year Built 1908
Lot Size 4,125 Sqft
Property Sub-Type Triplex
Property Description
1625 7th St Oakland, California, 94606 Land - 4,125 Sqft Building Area - 1498 Sqft 3 unit apartment - FULLY OCCUPIED Unit 1629 - 2 Beds and 1 bath, 592 Sqft, $1,800/ month Unit 1627 - 2 Beds, 1 Bath, 540 Sqft, $1,800/ month Unit 1625 - Studio, 366 Sqft, $800/ month Possible ADU 1/1 for Unit D Amenity-Rich, Fully Occupied Investment Opportunity Near Lake Merritt Ideally located at 1625 7th Ave in Oakland, this property is just a short 9-minute walk to Lake Merritt, renowned for its iconic “Necklace of Lights.” Residents enjoy immediate access to scenic walking paths, outdoor recreation, and one of the East Bay's most vibrant lifestyle destinations. This fully occupied 3-unit apartment building offers an exceptional opportunity for both investors and owner-occupants, live in one unit while generating steady rental income from the others. The property benefits from excellent connectivity, with convenient access to BART, major freeways, and key employment centers. Its central location places tenants just minutes from Downtown Oakland, Uptown, and Berkeley, enhancing its long-term rental appeal. Designed for operational efficiency and ease of management, each unit is individually metered for gas and electricity, reducing owner expenses and simplifying utility allocation. Recent capital improvements include a new roof completed in October 2019, providing added peace of mind and minimizing near-term maintenance costs.
Location
State CA
County Alameda
Interior
Heating Natural Gas, See Remarks
Cooling See Remarks
Flooring Carpet, Laminate, Tile, Vinyl
Fireplace No
Exterior
Parking Features On Street
Roof Type Shingle
Building
Lot Description Back Yard, Street Level
Others
Tax ID 0200187004
Listed by Liberty Uy RL Dynasty Realty & Development Inc #02084648
NEARBY SCHOOL & BUSINESS