5412 Claremont Ave, Oakland, CA 94618
- Sqft
- 16,830
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Overview
We are pleased to present 5412 Claremont Avenue, an exceptional 33-unit pride of ownership multifamily investment opportunity located in Oakland’s premier Rockridge neighborhood on the edge of Berkeley. This trophy asset offers investors a rare combination of stable residential income. The property’s strategic positioning directly across from the Rockridge BART station provides unmatched connectivity to major employment centers, with 22-minute access to San Francisco’s Financial District and seamless highway connectivity via Route 24. This very nostalgic 3 story property is located at 5412 Claremont Ave in Oakland California. It has 16,830 rentable square feet, with 33 large and spacious one-bedroom/one-bathroom units, all with private baths and kitchens and some have balconies. The property was built in 1963, 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. There is 30% upside in the current rents. With 30% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 16,830
- Lot size (acres)
- 0.23
- Year built
- 1963
Interior features
- Basement
- Yes, Partially finished
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Electric, See Remarks
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: 41126873 Last checked: …
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