3104-3112 & 3130 14th Ave Oakland 94602 2 Multifamily Properties Offered at $9,102,454 CAD in Oakland, CA

This very nostalgic 2 story property is located at 3104-3112 & 3130 14th Ave in Oakland California. It has 32,382 rentable square feet, with 29 large apartments. The property was built in 1949, with a concrete perimeter foundation, exterior walls are wood, and the roof is composition shingle. There is laundry on site. 80% of the units have been renovated. All units have separate gas, electric meters and individual hot water heaters minimizing the owner’s expenses. There is 20% upside in the current rents. With 20% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. There are two separate parcels, one is an 8 unit and the other is a 21 unit. The apartment unit mix is 2 Studios, 23 one-bedroom units and 4 two-bedroom units and there are 7 garages attached for parking and 8 covered parking spaces. The quality of the building is maintained with pride. The units are separately metered for gas, electricity and hot water. The units have pleasant views from the entry and living room of upstairs units. The laundry is coin operated for additional income. The building is located across the street from the Highland Hospital complex and about 2 blocks from the west bound ramp to 580. There is a Quik Stop gas & convenience store across the street. The building is situated in the middle of some very popular Oakland destinations. It's 2 miles to Lake Merritt and less than 1 mile to both Glenview (shops & restaurants including Blackberry Bistro) and Fruitvale Blvd. which features many shops and a Safeway grocery store. Construction is typical wood framing with concrete foundation walls raised to create a partial basement on the southern portion and slab on grade foundation on the northern portion. The exterior finishes consist of painted brick veneer and stucco siding. The flat roof contains built up covering. Units are heated by electric wall heaters. Domestic hot water is provided by a central gas fired boiler located in the basement. Domestic water lines are copper. Electrical wiring is observed as copper. The subject has no deferred maintenance and is in good condition. The Highland Park Apartments blend historic charm with urban realities, offering affordable living with great potential and a strong sense of community, particularly appealing to those seeking proximity to medical facilities and a diverse, established neighborhood. You will appreciate the neighborhood amenities near 3130 & 3104-3112 14th Ave. This part of Oakland is bike friendly, so you get around town easily. You can go for a walk in one of the neighborhood parks. If you like to walk, you will find streets lined with trees and sidewalks that are well-lit at night. Residents in this neighborhood consider the area to be walkable with stores, public transportation, and shops nearby. The complex is close to the Fruitvale Transit Village and Bart Station. The property at 3130 & 3104-3112 14thAve in Oakland has strong investment potential due to its proximity to major employers, transportation routes, shopping centers, dining venues, and entertainment options. It is an attractive option for renters seeking convenience and accessibility. The combination of a robust economy and desirable location make this property a promising investment opportunity in the Oakland real estate market. The Tuxedo neighborhood in Oakland, CA, is a charming, diverse residential area known for its early 20th-century homes (Craftsman, Mission Revival), tree-lined streets, and suburban feel within the city, offering easy freeway access (I-580) and proximity to amenities like Highland Hospital, Manzanita Rec Center, and the Dimond District for shopping/dining. It's considered a desirable spot for families and professionals seeking character and convenience, balancing quiet living with access to Oakland's vibrant culture. Tuxedo offers a picturesque, historically rich, and convenient Oakland living experience, ideal for those wanting classic homes, good schools (nearby), and connectivity without being in the dense downtown core.